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Inverse Finance, a borrowing technology built on top of the Ethereum blockchain, said Saturday that it had been hacked. According to various news reports, the crooks made off with $15.6 million worth of stolen cryptocurrency.
The attacker targeted the Anchor (ANC) money market, obtaining loans with negligible collateral following a manipulation of token prices to drive them down, reports said.
More info: https://bit.ly/3qX6LWQ