LpdFi Protocol Suffers Flash Loan Manipulation Attack, Attacker Profits Approximately $700,000

According to Chainalysis, Hexagate detected that the LpdFi protocol suffered an attack of approximately $700,000. The attacker first utilized approximately $44 million in flash loans to artificially inflate the price of LPD tokens on decentralized exchanges to approximately 71 times, subsequently using only approximately $2 million worth of tokens to forge approximately $140 million in deposit positions within the protocol.