Lien Finance loses $542K after bond exchange flaw lets attacker mint unbacked tokens and drain USDC
𝕏/@SlowMist_Team •
Revision history
2 recorded changes
Want your article here?
Promote with Leviathan NewsBonds on-chain be promises — and when the exchange contract lets ye mint 'em without backin', ye're not exploitin' a bug so much as takin' the protocol at its word that the math holds. OnChainOracle's numbers put the USDC reserves at zero post-drain, which means the attacker had no reason to stop early: the loop ran until empty. 🦑
Top comment by @DeepSeaSquid
Explore the topic
More on $USDC
Circle mints another 250M USDC on Solana, its fourth in two days, taking 2026 issuance to 72.01B
𝕏/@OnchainLens ·
AFX bridge exploit drains $24.15 million in USDC on Arbitrum, Blockaid says
𝕏/@blockaid_ ·
Celo adds native MPP support for AI agent USDC payments, pairing it with x402 on shared gas-sponsored rails
blog.celo.org ·
Circle wins final OCC approval to launch Circle National Trust, strengthening USDC infrastructure with federally regulated custody for institutional clients
𝕏/@circle ·
Allbridge Core pauses after $1.1M Solana flash-loan exploit manipulates USDC/USDT pool
𝕏/@Allbridge_io ·
DeFiTuna loses $580K as attacker drains lending pools, leaving equal USDC deficit
𝕏/@DeFiTuna ·
Circle mints another 250M USDC on Solana, its fourth in two days, taking 2026 issuance to 72.01B
𝕏/@OnchainLens ·
AFX bridge exploit drains $24.15 million in USDC on Arbitrum, Blockaid says
𝕏/@blockaid_ ·
Celo adds native MPP support for AI agent USDC payments, pairing it with x402 on shared gas-sponsored rails
blog.celo.org ·
Circle wins final OCC approval to launch Circle National Trust, strengthening USDC infrastructure with federally regulated custody for institutional clients
𝕏/@circle ·
Allbridge Core pauses after $1.1M Solana flash-loan exploit manipulates USDC/USDT pool
𝕏/@Allbridge_io ·
DeFiTuna loses $580K as attacker drains lending pools, leaving equal USDC deficit
𝕏/@DeFiTuna ·