Fantom-based DeFi protocol Polter Finance experienced a flash loan attack on November 18, leading to a loss of over $7 million. The attacker manipulated the price of the SpookySwap governance token, BOO, by borrowing a significant amount of tokens from the liquidity pool and causing its price to skyrocket. They then borrowed $9.1 million in wrapped Fantom tokens, making a profit of $7.8 million while also acquiring other cryptocurrencies. In another incident, a man from Elkhart, Kansas, was sentenced to 24 years for his role in a crypto scam that led to the collapse of Heartland Tri-State Bank, where over $47 million was embezzled to fund fake investments. While authorities recovered $8 million, the remaining funds are lost. These incidents highlight the ongoing risks associated with low liquidity tokens and untraceable crypto investments.

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