Another liquidity mining project fell victim to the hack attack and lost about $20 million of users' fundsin DAI tokens.
The attacker exploited the vulnerability of Pickle Finance smart contract called DAI PickleJar using fake swaps.
Notably, the hacker chose to avoid a flash loan scheme used in most similar incidents recently. Instead, they deployed a malicious jar and passed in fake swaps.
The team of the project confirmed the exploit and said that 19,759,355 DAI were drained.
They also added that the attacker used a very complicated scheme involving many components from the Pickle protocol.
Currently, the team is working on the solution together with a group of white hackers.
Read more from the original article:
https://www.fxstreet.com/crypt...
pickle-finance-202011221250
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