Inverse Finance was exploited due to an Oracle-relevant vulnerability
On the evening of April two, Inverse Finance encountered an INV rate index error, permitting hackers to leverage and steal assets on this platform. Inverse Fina...
On the evening of April two, Inverse Finance encountered an INV rate index error, permitting hackers to leverage and steal assets on this platform.
The final line of Inverse’s ad says:
This morning the dollars marketplace of Inverse Finance, Anchor, was topic to a capital-intensive manipulation of the INV / ETH rate oracle on Sushiswap, resulting in a sharp rise in the rate of INV which subsequently permitted the attacker to get $ 15.six million on loan in DOLA, ETH, WBTC and YFI
– Inverse + (@InverseFinance) April 2, 2022
“Today, Inverse Finance’s Anchor marketplace was manipulated due to the INV / ETH pool rate index on SushiSwap. This sent the INV rate skyrocketing and permitted the hacker to borrow an further $ 15.six million in the kind of DOLA, ETH, WBTC and YFI. “
The undertaking also claimed that this incident is unrelated to flash loans, as very well as bugs in sensible contracts and the front-finish. Inverse also explained it will suspend lending pursuits on Anchor.
Further analyzing the Oracle-relevant vulnerability, account Igor Igamberdiev stated:
five/five
The Inverse Finance Oracle, which by way of Keeper Network, ended up employing SushiSwap TWAP as an Oracle, returned the rate that created the INV token extremely costly on the platform.
The attacker stole his one.7k INV (honest rate – $ 644k) as collateral and borrowed $ 15.six million. pic.twitter.com/2hB3k49yad
– Igor Igamberdiev (@FrankResearcher) April 2, 2022
“The Oracle contract made use of by Inverse Finance is that of Keeper Network, which derives from the normal rate index of the SushiSwap pool, which in flip returns the rate of the INV token as well higher. The striker secured INV and took benefit of the overvalued residence to borrow up to $ 15.six million. “
Price index fluctuations due to mistakes in Oracle are also proven on the INV token chart.
Furthermore, immediately after the over information and facts, INV also fell swiftly in rate, with volatility of -sixteen.five% in the final 24 hrs.
Summary of Coinlive
Maybe you are interested:
More From Crypto News
Robinhood Q3 Revenue Reaches $1.42B as Crypto Income Drops 55%
Robinhood posted $1.42 billion in total Q3 2025 revenue, while crypto-specific income dropped 55% in the same period, according to the company’s official earnin...
THORChain Glitch Blocks Binance Hack Route as FBI Presses Nodes
The reported glitch affected THORChain’s cross-chain swap infrastructure, creating an outage on a route law enforcement had flagged as active in moving hack-lin...
Why Is Pump.fun (PUMP) Price Surging Today?
Pump.fun’s native token PUMP is posting gains today, drawing renewed attention to the Solana-based token launchpad and its market-listed token.
FBI Confirms North Korea Role in $6B Binance Hack, Flags BTC, ETH, SOL Addresses
The FBI’s joint alert attributes the attack to TraderTraitor, the same state-sponsored unit behind the Bybit hack.
Binance Says 10 Cryptos Are Fully Backed After Hack
Binance has stated that Bitcoin, Ethereum, XRP, and seven other cryptocurrencies remain fully backed following a reported hack against the exchange.
Why Is Venice Token (VVV) Price Down Today?
Venice Token (VVV) is trading at $22.08 as of October 31, 2026, down 4.29% over the past 24 hours, extending a pullback from the token’s all-time high of $34.58...
