Optimism Loses 20M Tokens Due to Exploitation of L1 and L2 Illusions

Author: Yuvi June 14, 2022 Optimism Loses 20M Tokens Due to Exploitation

The honeymoon period of the newly launched Optimism layer-2 scaling solution has been reduced after taking advantage of the market maker’s smart contract address. This exploit has resulted in the loss of 20 million OP tokens. Although the exploitation took place on May 26, it was only recently reported to the community. One million tokens worth $1.3 million were sold on Sunday. In comparison, another one million tokens worth $730,000 were transferred to Vitalik Buterin’s Ethereum address on June 9 at approximately 12:26 a.m. UTC. The remaining tokens are currently inactive but may be…

Read the full article on CryptoCurrencyNews.com

Get the latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn how to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms of Use and Disclaimer.

Author: Yuvi

My name is Yuvi, I work as Sub Editor at newscinema.in

14 June, 2022, 12:57 am

News Cinema on twitter News Cinema on facebook share newscinema latest news on whatsapp

Tuesday, 14th June 2022

Latest Web Stories

More Stories