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coinpedia 2024-05-17 06:28:28

How Did an Ex-Employee Steal $2M from Pump.Fun Using Flash Loans?

The post How Did an Ex-Employee Steal $2M from Pump.Fun Using Flash Loans? appeared first on Coinpedia Fintech News Pump.fun, a Solana-based platform for launching tokens, has suffered a major security breach, resulting in a loss of approximately $2 million. The attacker leveraged flash loans to exploit the platform’s bonding curve contracts, undermining the token launch mechanism. Flash loans allow users to borrow large amounts without collateral only if they return the funds within …

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