$2M Exploited From Polygon-Based Protocol 0vix

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• Polygon-based protocol 0vix was exploited for $2 million by an attacker who used a flash loan and swapped the USDC for 757 ETH.
• CertiK and Arkham Intelligence have confirmed the incident.
• 0vix has paused the markets on POS and zkEVM as a precautionary measure.

Exploit of Polygon-Based Protocol 0vix

A blockchain security firm, CertiK, reported that a Polygon-based decentralized finance (DeFi) protocol, 0vix, appears to have been exploited for $2 million via flashloan. Arkham Intelligence further corroborated this news. The attacker inflated the price of vGHST to borrow a large amount of USD which was then moved to Ethereum mainnet and swapped it for 757 ETH.

Response from 0vix

0vix issued a statement confirming the incident on April 28th, noting that it is working with its security partners in relation to vGHST. As a result of this exploit, 0vix has paused the markets on POS and zkEVM – impacting oToken transfers, minting, and liquidation in turn.

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