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Mission Critical
Hacked
How a Hacker Tricked an Exchange Into Believing He Was Providing More Crypto to the Liquidity Pool
The indictment says he performed at least 21 flash loans and used them to generate falsely inflated fees from five separate liquidity pools. He tricked the smart contract into believing that he was providing more liquidity, meaning more crypto to the liquidity pool. And so he cashed out on that without actually giving any cryptocurrency.
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