Sei Network Suffers $240K Loss from Flash Loan Attack
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 11 2026- Flash Loan Attack: Sei Network suffered a flash loan attack resulting in a loss of approximately $240,000 in WSEI tokens, as the attacker borrowed 1.96 million WSEI tokens without repayment, highlighting operational risk in decentralized finance.
- Operational Risk: The attack stemmed from an erroneous transfer by wallet “0x9748…a714,” which inadvertently provided liquidity for the exploit, underscoring that even high-performance blockchains are vulnerable to simple operational mistakes.
- Network Transition Warning: The Sei team has warned users to migrate their USDC.n assets before the planned SIP-3 upgrade in March, which will transition Sei to an EVM-only chain, risking asset access or value loss post-upgrade.
- Price Trend Analysis: SEI is currently trading around $0.12, maintaining support, but has declined over 60% from summer highs, with the broader market trend remaining bearish and showing little momentum for recovery.
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.
