Lifinity DEX Suffers $699K Loss Due to Arbitrage Bot Exploit

December 12th, 2023
Lifinity, a decentralized exchange, faced a significant loss of $699,090 when an arbitrage bot drained its LFNTY-USDC liquidity pool. This incident, caused by an unexpected bot response leading to a zero-value transaction, exploited the exchange's automated market maker system. Lifinity is now enhancing security measures and exploring fund recovery options.
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