Odaily Planet News: According to a post by BlockSec on the X platform, a DeFi protocol, YO Protocol, experienced an abnormal Swap event on Ethereum. A user exchanged approximately $3.84 million worth of stkGHO for only about $122,000 in USDC. The analysis suggests the incident was caused by two overlapping factors: 1) the initiator submitted an incorrect estimated output value, rendering the slippage protection essentially useless; 2) the transaction path was abnormally set, passing through high-fee, low-liquidity pools, resulting in significant fee extraction and price impact. The team has now purchased GHO and re-deposited it as stkGHO in an attempt to mitigate the issue.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.
