BREAKING 🚨
A rare DeFi lending exploit has occurred, targeting tokenized Google stock.
The value of a tokenized Google share was inflated to about 78 times its real price.
The attacker used this inflated value as collateral to borrow against it, resulting in roughly $403,000 in bad debt 🚫. This exploit highlights the risks associated with tokenized assets and DeFi lending.
Stay tuned for updates ⚡.
$NFP, $ZBT, $NFP
A rare DeFi lending exploit has occurred, targeting tokenized Google stock.
The value of a tokenized Google share was inflated to about 78 times its real price.
The attacker used this inflated value as collateral to borrow against it, resulting in roughly $403,000 in bad debt 🚫. This exploit highlights the risks associated with tokenized assets and DeFi lending.
Stay tuned for updates ⚡.
$NFP, $ZBT, $NFP