FlamingoFinance lost about $345,900 in a DeFi exploit after an attacker manipulated share prices in older Flamincome contracts, security firm Blockaid said Wednesday.
FlamingoFinance Loses $346,000 in DeFi Exploit Using $18M Flash Loan
FlamingoFinance reportedly lost about $346,000 in a DeFi exploit involving an $18 million flash loan. The incident was reported by CryptoRank, with no further technical details provided in the excerpt.
CryptoRank
Publisher
Sep 16, 2026 at 10:37 PM UTC · Updated vor 2 Tagen · 1 Min. Lesezeit
Key Signal
$345,900 DeFi exploit loss
Last Updated
vor 2 Tagen
Übersetzung…
The attacker used an $18 million USDT flash loan to increase the size of the trade and exploit the pricing flaw. The borrowed funds were used to interact with USDP liquidity-provider tokens held by a strategy contract.
Flash Loan Drives Vault Manipulation
Blockaid said the attack inflated VaultYUSDT’s share price, allowing the attacker to redeem liquid aUSDT at a favorable rate.
Related: Zerodh…
Read The Full Article FlamingoFinance Loses $346,000 in DeFi Exploit Using $18M Flash Loan On Coin Edition.
Schnelle Antworten
How much did FlamingoFinance lose in the exploit?
FlamingoFinance reportedly lost approximately $346,000.
Was a flash loan used in the FlamingoFinance exploit?
Yes. The report says the exploit involved an $18 million flash loan.
How did the FlamingoFinance attacker exploit the protocol?
The provided excerpt does not describe the technical attack method or vulnerability used.
Sourced by
Originally reported by CryptoRank
NewsLayer coverage based on externally reported material.
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