DeFi Protocol xToken Suffers $24.5M Exploit

The protocol said minting has been paused on all contracts while an investigation takes place.

May 12, 2021 at 7:46 p.m. UTC

Updated Sep 14, 2021 at 12:54 p.m. UTC

Decentralized finance (DeFi) protocol xToken said it suffered an exploit Wednesday by an attacker who used flash loans to take $24.5 million.

According to Mudit Gupta, blockchain team lead at Polymath, the attacker got away with more than $8 million in xToken's SNX tokens and more than $6 million in the protocol's BNT tokens.

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DeFi flash-loan-attack xToken

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