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Four months on, MEV Capital falls victim to $4B DeFi daisy chain implosion

Almost four months have passed since the disassembly of a DeFi daisy chain, which saw the value of the “yield vault” sector drop by over $4B.

DeFi exploiter targets lending protocols with oracle tricks

Ploutos Money used the BTC/USD price for USDC, leading to $400K of ETH being lent against just $8 of collateral.

The attack on a lending pool belonging to YieldBlox pushed the price of USTRY to over $100 before using it to borrow XLM and USDC worth $10M.

The latest in a string of Aave DAO disputes sees BGD Labs quit, citing Aave Labs’ behavior around v4 and centralization concerns.