Fuse-based voltfinance drained for $4 million due to this flaw, peckshield says DeFi hack
Voltage Finance, a first DeFi hub on EVM-compatible blockchain Fuse Network , confirmed that its Ola Finance's system was drained for $4,000,000:
As per PeckShield's analysis, the hack became possible due to the lack of compatibility between Compound forks—Ola Finance enables DeFi businesses to build Compound-like systems—and Ethereum-based tokens of a particular standard.
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