YAM Finance responds to Inverse attack: Suspicious transactions originated from LlamaLend, not a contract vulnerability.
CoinFeed reported on March 2nd that YAM Finance responded to BlockSec's monitoring of a suspected attack on Inverse Finance, resulting in a loss of approximately $240,000. YAM Finance stated on its X platform that the incident was not due to a vulnerability in the Inverse contract, but rather related to the LlamaLend mechanism. According to their explanation, the attackers launched a "donation attack" on LlamaLend targeting sDOLA, pushing the price up from approximately 1.188 sDOLA = 1 DOLA to approximately 1.358 sDOLA = 1 DOLA. They then liquidated almost all user positions using sDOLA as collateral to borrow crvUSD. The reason why the increase in collateral value triggered liquidation is not yet fully understood; normally, users should be moved away from the liquidation line rather than closer to it.