Arijit Sarkar Arijit Sarkar 2 hours ago Crypto lender Polter Finance halts operations after $12M hack
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Polter Finance Hack: Polter Finance experienced a $12 million flash loan hack, leading to the suspension of its operations and an investigation into the stolen funds linked to Binance wallets. The attack was attributed to a faulty oracle price-related exploit on their SpookySwap market.
Response and Investigation: The platform's founder filed a police report in Singapore and reached out to the hacker for potential negotiation, while community skepticism arose regarding possible insider involvement. Polter Finance has partnered with SEAL-ISAC to aid in tracking down the attacker.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
