DeFi Project Pickle Finance Lost $ 20 Mln In Hack

November 22, 2020 / Project Pickle Finance Lost $ 20 Mln In Hack The attacker withdrew about $ 19.76 million from one of the smart contracts of the Pickle Finance decentralized finance protocol. DeFi Italy co-founder Emiliano Bonassi noted that the hacker did not use flash loans, as was the case in most of these attacks.

The hack was extremely complex and well prepared, Bonassi said. Earlier, the hacker withdrew about $ 6 million in stablecoins DAI and USDC from the Value DeFi project, using instant loans.

Timeline of Multi-collateral-dai, Usd-coin