The recent $572K @FilamentFinance hack was not caused by a conventional smart contract vulnerability, but by a more serious error in collateral accounting and liquidity assumptions.

In the latest analysis, I explain how the attack occurred, where protocol logic failed, and what long-term precautions DeFi teams should consider to avoid repeat attacks.

Read the post-incident report:

The recent $572K @FilamentFinance hack was not caused by a conventional smart contract vulnerability, but by a more serious error in collateral accounting and liquidity assumptions.

In the latest analysis, I explain how the attack occurred, where protocol logic failed, and what long-term precautions DeFi teams should consider to avoid repeat attacks.

Read the post-incident report: https://medium.com/@rangashree.rangaraja/how-572-000-was-drained-on-the-other-end-of-the-collateral-accounting-loophole-in-the-filament-pro-4276c457c30a

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