News/QuickSwap to Temporarily Shut Down Lending Marketplace After Losing $220,000 Due to Flash Loans Attack

QuickSwap to Temporarily Shut Down Lending Marketplace After Losing $220,000 Due to Flash Loans Attack

Oct 24,2022,22:32

QuickSwap announced the temporary shutdown of its lending marketplace, QuickSwap Lend. $220k was exploited in a flash loans attack due to a vulnerability with the Curve Oracle, which Market XYZ was using. In addition, QuickSwap said that only the Market XYZ lending market was compromised. QuickSwap's contracts are unaffected. Because QiDao provided the seed funds for this market. No user funds were compromised.

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