KiloEx exploiter manipulated ETH price data within the Base network to net over $3 million in a single transaction, without impacting the Ethereum mainnet directly
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During the exploit, the hackers did not target the Ethereum chain, instead, they ended up with stablecoins on other networks. An hour after the hack, most of the haul sat in known large wallets, with no signs of splitting or transfers to Tornado Cash.
“The hacker exploits it to create a new position with initial given ETH/USD price of 100 and then immediately close the position with inflated ETH/USD price of 10000, netting the $3.12m profit in one single transaction.”
During the exploit, the hackers did not target the Ethereum chain, instead, they ended up with stablecoins on other networks. An hour after the hack, most of the haul sat in known large wallets, with no signs of splitting or transfers to Tornado Cash.
“The hacker exploits it to create a new position with initial given ETH/USD price of 100 and then immediately close the position with inflated ETH/USD price of 10000, netting the $3.12m profit in one single transaction.”
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