Lifinity Faces $700,000 Drainage in LFNTY-USDC Pool
In a recent setback for decentralized exchange (DEX) Lifinity, an arbitrage bot drained approximately $700,000 from Lifinity’s LFNTY-USDC pool on December 8.  The incident unfolded due to a bug associated with an Immediate-or-Cancel (IOC) order, resulting in an unexpected response that led to a loss of $699,090, as disclosed in the company’s Discord channel. The ... Read more
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