The Jimbos protocol suffered losses of $7.5 million.

Learn more about protocol losses

The Jimbos Protocol crypto project has lost over 4,000 Ethereum coins. The amount of the loss is about 7.5 million dollars. this was reported by PeckShield cryptanalysts.

PeckShield specialists posted on Twitter that the Jimbos protocol lost 4090 ETH. The reason they called the hacking, which occurred on the weekend. At the same time, they noted that the II version of the project protocol had been launched three days before.

The attacker used a moment when the protocol had no control over token slippage. At the same time, experts noted that he used a flash loan, the amount of which reached almost $ 6 million. coins were borrowed in it and immediately repaid in order to carry out the attack.

Representatives of the protocol noted that they are aware of the vulnerability. At the same time, employees are actively working with both law enforcement and cybersecurity specialists. Additional information will be published as soon as possible.

Note that the Jimbos protocol is a crypto project created on the Arbitrum. They are developing a coin that will have a semi-stable minimum price. At the same time, it is supported by other assets. 

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