Flamingo Finance Suffers Attack Involving Morpho Flash Loan and Curve USDP LP

Flamingo Finance was attacked after an attacker borrowed about $18 million in USDT through a Morpho flash loan and used Curve USDP LP collateral in Strategy to raise the price of VaultYUSDT shares. According to Odaily, the attacker then redeemed aUSDT liquidity and made about $345,900 in USDT.