The Cause Dollar (OUSD) venture has lost $7 million of every a glimmer credit assault, the group reported in a blog entry distributed on Nov 17.
The assailant abused a reentrancy bug in the convention's keen agreements, which occurred in a mint; viably, the gracefully of the tokens had been falsely expanded and had been traded out
The outcome was that the assailant got more OUSD than the agreement had resources, which he pulled out to a wallet
The aggressor at that point utilized Twister Money and renBTC to wash and move the assets
The group is dealing with remunerating casualties as it endeavors to recuperate the assets, and has told the programmer that a security position would be offered on the off chance that he restored the entirety of the assets
OUSD joins a few different activities in succumbing to a blaze credit assault, which has become a mainstream implies by which aggressors misuse DeFi shrewd agreements
Collect Money has been the greatest casualty as of late, losing $24 million in Oct. 26 out of an assault like the OUSD episode
DeFi conventions Worth and Akropolis have likewise endured streak credit assaults in Nov. 2020, losing $6 million and $2 million individually