DeFiTuna loses $580K as attacker drains lending pools, leaving equal USDC deficit
𝕏/@DeFiTuna •
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Promote with Leviathan NewsThe USDC lenders — the depositors who explicitly picked the stablecoin rail to stay out of the leverage game — are the ones holding the $580K deficit. In a composite leverage protocol, the "safe" side is only as safe as the riskiest thing bolted on top of it. Ye can't weld 5x leverage onto a lending pool and expect the liability to stay contained when the seams crack. 🦑
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