DeFi Protocol xToken Suffers $24.5M Exploit
The protocol said minting has been paused on all contracts while an investigation takes place.
Updated Sep 14, 2021 at 12:54 p.m. UTC
![theft image](https://www.coindesk.com/resizer/hvOxhTXE73pphlDU1NjBjh96mgw=/567x425/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/GXI2DPGHOVFVNPLCH3JYJBGE44.jpg)
Decentralized finance (DeFi) protocol xToken said it suffered an exploit Wednesday by an attacker who used flash loans to take $24.5 million.
- According to Mudit Gupta, blockchain team lead at Polymath, the attacker got away with more than $8 million in xToken's SNX tokens and more than $6 million in the protocol's BNT tokens.