Solana based ANA stablecoin crashes after flash loan exploit by themarkymark

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hive-167922 · @themarkymark · Jul 30 '22

$12.10

Solana based ANA stablecoin crashes after flash loan exploit

![image.png](https://images.hive.blog/DQmf9YNztywZTQh78kmZFkjxTKcoAB4Th9oBiB86kaBkzat/image.png)

Solana can't seem to stay out of the news and not in a way you want to be featured. Around $3.5 million was exploited from the Nirvana Finance platform due to a flash loan exploit. Nirvana Finance is a DeFi protocol on Solana. As far as I know it, Nirvana Finance is not owned by Solana team and is a third-party project.

# What is a flash loan?

A flash loan is similar to any other unsecured lending in the crypto space except for the fact the entire lifecycle is in a single transaction. That means a user will borrow and pay back funds immediately. This is only possible using platforms that support smart contracts.

---

The main reason to use flash loans is to take advantage of an arbitrage opportunity with more leverage.

Because flash loans are handled by a smart contract, they are generally considered safe for both parties. However if you exploit the price of one of the tokens in the transaction to make it seems as though the loan is repaid, you can come out with millions in profit.

---

# Nirvana Finance exploit

This is how Nirvana Finance was exploited. A user took out a flash loan for $10 million dollars worth of USDC and minted $10 million worth of ANA. This increased the price of ANA in excess of $10 million dollars allowing the attacker to return fewer ANA tokens than they minted.

![image.png](https://images.hive.blog/DQmQcNJ3pWkDsidWGBasRBLUaicsZiQfVfGDPs2eNxoS1Qy/image.png)

In this case, they were able to make around $3.5 million dollar profit. The price of ANA dropped around 90% as a result of this.

Flash loan attacks are not new and the largest known flash loan attack happened on Ethereum for over $182 million dollars.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@themarkymark/solana-based-ana-stablecoin-crashes-after-flash-loan-exploit)

👍 yabapmatt, leo.voter, brofi, solominer, slobberchops, jphamer1, nuthman, trostparadox, buggedout, taskmaster4450, steemychicken1, geekgirl, unpopular, pfunk, jongolson, whangster79, papilloncharity, spectrumecons, michealb, dsky, isaria, ericvancewalton, utopis, abh12345, enjar, danielsaori, russia-btc, ctpsb, bala41288, dagger212, vikisecrets, hykss.leo, borran, cryptoandcoffee, asgarth, daltono, captainhive, joele, karamyog, lemouth, fw206, bitcoinflood, libertycrypto27, steemflagrewards, revisesociology, brofund, qwerrie, generikat, p-hive, reseller, tattoodjay, chinchilla, bigtom13, empoderat, nateaguila, bxt, eturnerx, dalz, penguinpablo, almi, artmom, roleerob, mballesteros, leaky20, and 516 others
👎 newsflash, xeldal, enki, exifr0, r351574nc3, exifr, salty-mcgriddles, stimialiti, mariuszkarowski, woodmurderedhat, masterpostfinder, fersher, xleo.voter, hakeke

`author`	themarkymark
`permlink`	solana-based-ana-stablecoin-crashes-after-flash-loan-exploit
`category`	hive-167922
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`created`	2022-07-30 06:12:21
`last_update`	2022-07-30 06:12:21
`depth`	0
`children`	17
`last_payout`	2022-08-06 06:12:21
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	6.106 HBD
`curator_payout_value`	5.994 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	1,916
`author_reputation`	1,671,983,126,001,488
`root_title`	"Solana based ANA stablecoin crashes after flash loan exploit"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	115,276,017
`net_rshares`	16,450,775,649,202
`author_curate_reward`	""

properties (23)vote details (594)

voter	rshares	pct
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enki	-12,819,944,823,611	-100%
steemychicken1	2,888,004,439,908	100%
simba	102,147,542,123	100%
pfunk	1,994,955,532,878	25%
kevinwong	34,486,754,270	4.25%
leprechaun	587,300,315	16.25%
gerber	328,032,702	0.2%
ericvancewalton	842,995,254,526	100%
daan	51,713,756,417	8%
ezzy	0	0.2%
hitmeasap	21,663,687,630	100%
exyle	1,745,434,603	0.2%
jphamer1	4,073,089,814,409	100%
joele	444,367,148,708	100%
bidnat	1,997,645,632	37.5%
shanghaipreneur	6,197,786,623	100%
scaredycatguide	10,812,123,615	50%
borran	503,725,362,982	50%
rufans	21,763,611,688	50%
lemouth	440,136,990,593	20%
stevescoins	9,489,844,116	100%
penguinpablo	261,205,097,477	14%
uwelang	86,348,550,348	25%
titusfrost	9,525,298,854	100%
abh12345	802,565,005,351	25%
funnyman	1,321,598,267	5.6%
noborders	3,499,248,687	100%
clayboyn	45,735,168,844	37.5%
vannour	46,710,172,367	25%
jaybird	18,147,898,018	100%
slider2990	1,400,100,667	20%
steemworld	1,165,335,346	25%
edb	4,293,969,642	4%
generikat	347,595,853,893	50%
pedir-museum	731,163,779	25%
bxt	280,422,924,526	100%
privex	398,751,055	0.4%
teammo	202,425,401,880	100%
danielsaori	779,788,017,750	100%
louisthomas	109,960,552,099	100%
itinerantph	2,894,816,438	100%
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dickturpin	4,714,297,645	12%
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varunpinto	159,171,386,409	100%
nuagnorab	13,835,249,845	100%
isaria	878,704,056,393	75%
theywillkillyou	1,405,009,851	100%
bitcoinflood	418,320,146,037	18.9%
alphacore	3,367,961,528	2.82%
enjar	794,329,962,566	80%
krischy	1,797,424,021	100%
mcsamm	166,276,805,607	100%
spectrumecons	1,188,421,013,845	20%
jayna	29,661,108,772	5%
offoodandart	6,449,020,255	100%
ew-and-patterns	27,523,974,214	10%
reseller	332,286,637,623	50%
joeyarnoldvn	3,023,248,046	8.28%
vikbuddy	13,542,348,826	22.1%
deniskj	4,090,850,842	100%
papilloncharity	1,513,050,169,128	71%
warfeed	712,373,720	50%
coffeelovers	3,918,723,635	50%
gniksivart	34,408,736,656	20%
forexbrokr	23,093,967,979	50%
geekgirl	2,211,554,549,539	100%
paasz	4,495,064,510	100%
mcoinz79	16,034,959,124	100%
runicar	3,797,854,485	50%
summertooth	912,465,119	25%
eturnerx	267,477,713,031	11%
captainquack22	28,016,219,474	10%
tattoodjay	331,408,232,719	15%
dante31	743,739,197	8.5%
unyimeetuk	1,190,358,814	50%
sannur	2,053,339,649	100%
everrich	1,754,092,794	100%
leaky20	212,792,273,836	75%
vikisecrets	582,013,176,912	30%
pocketrocket	13,675,193,357	100%
nicolemoker	2,835,884,088	100%
thauerbyi	2,375,746,983	15.3%
buggedout	3,282,677,586,337	100%
jasonbu	2,600,476,257	4%
jeanlucsr	2,844,994,802	5%
nuthman	3,856,506,439,059	100%
aafeng	7,799,648,448	1%
aaronleang	5,113,355,153	25%
pardeepkumar	1,045,314,932	50%
felander	915,566,733	0.2%
santigs	27,287,478,327	51%
marketinggeek	2,954,712,370	100%
bashadow	106,419,149,785	25%
bahagia-arbi	779,258,265	17%
mikepm74	526,366,367	100%
fersher	-957,839,940	-100%
chinchilla	322,032,384,001	100%
celestal	90,501,745,082	100%
taskmaster4450	2,893,442,566,915	100%
mballesteros	220,122,613,425	100%
roleerob	228,015,845,536	50%
fatman	8,473,241,128	2%
votehero	29,464,237,245	6.8%
revisesociology	393,870,430,834	20%
silversaver888	106,311,373,786	25%
preeti	5,985,356,641	100%
minloulou	543,868,813	8.5%
yabapmatt	20,878,803,179,724	100%
jlsplatts	118,250,774,877	11.25%
dagger212	595,208,156,287	80%
gringo211985	1,384,871,342	100%
steemseph	12,978,461,803	10%
nathanpieters	5,013,013,512	50%
khaleelkazi	17,149,478,566	17%
vegoutt-travel	18,188,397,367	20%
liverpool-fan	7,369,168,405	100%
phoenixwren	100,523,134,687	49%
dandays	89,018,318,300	12.5%
caladan	2,632,915,256	16.15%
paintingangels	2,543,409,542	100%
mightpossibly	147,561,137,773	100%
sunsea	119,040,583,274	100%
diverse	163,701,781,320	100%
prinzvalium	90,824,408,708	25%
senorcoconut	2,019,142,043	4.25%
paulmoon410	1,027,849,620	10%
ladynazgool	10,261,859,895	100%
irynochka	3,330,965,194	100%
vintherinvest	14,953,075,333	8.5%
katerinaramm	103,524,858,656	100%
ioioioioi	1,163,247,384	100%
ocupation	4,644,189,105	50%
elderson	7,559,650,347	10.5%
joannewong	649,001,795	8.5%
funt33	246,470,412	100%
enjoyinglife	20,931,227,400	50%
wiseagent	125,089,988,340	15%
cryptonized	21,059,857,685	14%
elbrava	2,955,007,937	50%
daltono	475,114,443,401	21%
jongolson	1,803,085,253,711	100%
cmmemes	3,918,021,278	100%
r351574nc3	-105,850,540,472	-100%
tryskele	1,289,356,131	5%
bala41288	603,143,203,680	50%
socialmediaseo	1,029,868,030	50%
purefood	1,622,845,028	17%
soyrosa	171,995,227,407	50%
portugalcoin	12,348,668,248	15%
seikatsumkt	4,920,438,581	75%
ikrahch	156,635,670,547	40%
philnewton	1,072,469,206	12.5%
udabeu	16,018,455,723	55%
k-banti	5,203,439,232	100%
tobias-g	1,362,956,524	18.75%
leoumesh	7,236,006,048	100%
chronocrypto	33,932,731,519	50%
piotr42	604,520,517	7%
jazzhero	4,925,687,491	7.5%
steemflagrewards	412,534,084,572	100%
warpedpoetic	3,365,480,097	17%
upfundme	21,698,576,027	75%
ericburgoyne	25,023,106,175	50%
bigtom13	312,642,891,619	50%
moeenali	8,075,148,918	1%
d0zer	2,111,996,718	100%
annabellenoelle	5,129,956,538	100%
elektr1ker	1,105,476,199	25%
asgarth	492,158,433,067	50%
lakawero	667,999,332	37.5%
bozz	171,421,369,065	15%
cst90	207,360,586,038	100%
movement19	5,134,764,853	25%
lisfabian	29,851,837,928	50%
mindtrap	717,289,900	50%
russellstockley	27,795,753,831	30%
dwayne16	93,847,098,598	35%
g4fun	11,334,279,083	25%
rubencress	1,818,588,459	10%
almi	252,106,905,010	50%
organduo	136,560,232,304	17%
kilianparadise	724,714,288	18.75%
olgadmitriewna	2,326,350,797	100%
reazuliqbal	917,648,928	0.2%
properfraction	56,631,419,974	100%
salty-mcgriddles	-90,383,459,262	-100%
steemitcolombia	4,223,113,851	100%
uyobong	33,614,378,315	50%
manniman	85,320,892,352	11%
adamada	58,196,496,270	10%
mariuszkarowski	-11,234,325,538	-100%
paragism	1,743,297,264	100%
flaxz	2,659,915,195	7.5%
obsesija	3,926,523,822	8.5%
yameen	27,024,838,724	20%
blainjones	26,202,445,066	30%
abdulmath	10,987,683,224	50%
jemmanuel	5,630,147,943	20%
gadrian	28,568,641,114	6.8%
silwanyx	1,115,315,672	17%
tsurmb	2,344,417,688	8.5%
artmom	228,024,056,086	100%
ecotone	9,473,028,272	100%
kgakakillerg	33,823,265,180	25%
getron	666,366,659	17%
break-out-trader	11,669,391,277	17%
we-are	2,643,396,933	13.3%
trumpman2	11,093,544,277	100%
solominer	6,758,333,280,673	100%
veteranforcrypto	8,530,238,168	20%
jancharlest	1,370,985,773	100%
leomolina	1,932,798,465	20%
fw206	419,909,553,271	9.5%
slobberchops	4,086,428,302,134	100%
zaxan	674,761,392	8.5%
crystalhuman	549,066,007	100%
pladozero	32,148,392,163	10%
nateaguila	282,925,068,574	8%
davidesimoncini	8,812,010,644	32.9%
enforcer48	203,571,368,950	20%
crypticat	502,400,340	100%
steem-tube	6,303,469,045	100%
pinas	518,015,100	50%
therabbitzone	871,162,844	50%
steemxp	960,639,122	8.5%
oldmans	7,264,718,080	10%
commonlaw	4,690,139,114	35%
cryptoandcoffee	492,379,183,698	25%
ronbong	2,013,218,207	100%
sgbonus	22,833,447,084	10%
the.rocket.panda	7,287,777,950	100%
steemitcanarias	574,379,514	37.5%
exifr	-105,251,832,838	-100%
hakeke	0	-100%
blewitt	212,653,788,015	100%
milaan	661,675,517	50%
karamyog	444,242,809,191	100%
ambiguity	41,409,941,361	100%
gallerani	1,038,730,528	17%
bestofph	1,278,371,942	10%
ireenchew	52,812,716,442	11.9%
exifr0	-271,187,010,010	-100%
dalz	264,710,231,147	30%
viruk	7,726,414,308	100%
holovision	9,246,129,031	100%
jk6276	33,408,053,962	40%
raiseup	69,449,125,872	17%
dlike	629,346,008	0.2%
steemaction	96,225,543,658	17%
tipsybosphorus	3,094,200,648	50%
foodfightfriday	12,596,528,934	12.5%
voter002	2,609,424,029	6.4%
masterpostfinder	-1,932,359,847	-50%
dosh	535,381,673	5%
piensocrates	6,428,371,921	100%
admiralbot	6,833,472,995	100%
kuku-splatts	8,527,046,678	25%
anti-bully	1,171,521,447	100%
besheda	1,833,692,814	50%
coolguy222	20,689,139,610	100%
thrasher666	2,219,941,657	60%
steempope	679,240,280	100%
inpursuit	965,758,804	9.86%
teenagecrypto	17,112,362,558	100%
misterc	189,780,215,742	100%
michealb	1,170,072,550,474	100%
hibbi	553,056,764	8.5%
glastar	43,463,912,741	100%
misterengagement	1,738,246,276	22.5%
bluerobo	130,795,882,841	100%
ferrate	88,246,918,954	100%
jacuzzi	1,724,975,391	1.4%
blind-spot	16,027,902,971	50%
ragnarhewins90	503,423,179	10%
anonsteve	497,672,391	17%
flyingbolt	1,261,804,181	17%
elikast	2,696,789,713	100%
caribehub	1,320,552,008	100%
broxi	14,004,446,976	75%
blockbeard	1,619,026,621	100%
hungrybear	620,711,668	14%
pursuant	955,574,325	9.73%
doze	36,264,073,950	50%
dknkyz	7,947,194,816	30%
denizcakmak	568,238,464	50%
wolffeys	11,642,379,732	100%
src3	11,135,760,097	12.5%
russia-btc	717,433,663,409	50%
edian	2,832,439,587	17%
erikahfit	13,402,612,061	100%
crazydaisy	563,740,285	100%
memehub	94,429,168,477	100%
bigmoneyman	903,870,884	50%
megavest	44,116,337,060	17%
libertycrypto27	416,913,215,709	100%
star.lord	155,682,845,078	100%
linita	11,060,481,473	100%
enjargames	2,089,344,629	80%
bastter	1,677,440,770	25%
borjan	197,332,459,660	14.3%
qwerrie	352,093,001,843	50.1%
michelmake.util	793,072,967	100%
shauner	3,811,330,861	8.5%
aninsidejob	6,778,626,241	100%
ctrpch	7,051,552,647	10%
iktisat	703,521,561	100%
thisisawesome	88,855,034,153	15%
travelwritemoney	6,138,540,063	17%
belico	503,417,582	100%
xyz004	48,411,727,608	25%
invest.country	3,205,115,072	100%
davidtron	14,569,853,598	50%
teamashen	6,995,510,413	10%
hamza-sheikh	787,941,681	100%
asmr.tist	986,718,749	100%
steem.leo	192,190,836	0.2%
nichemarket	2,145,652,900	100%
abh12345.pal	1,882,645,246	100%
leovoter	5,100,185,923	100%
leo.voter	13,419,014,584,608	17%
leo.curator	645,579,493	13.6%
empoderat	294,098,390,524	15%
bala-ag	1,828,263,022	50%
vxc.leo	578,463,347	100%
freedomring	6,997,556,283	10%
babytarazkp	8,594,477,739	85%
driedfruit	1,089,467,032	100%
asteroids	1,307,601,112	17%
agro-dron	1,639,310,475	17%
abh12345.stem	2,377,683,739	100%
tokenindustry	2,514,917,274	54.45%
clicktrackprofit	90,827,004,060	100%
archytas.replica	1,658,063,574	100%
opidia	5,061,013,928	100%
liaminit1	49,904,984,683	90%
brutoken	2,153,967,186	100%
fucanglong	7,804,991,738	100%
elianaicgomes	9,565,980,725	12.5%
whangster79	1,608,328,040,682	100%
pouchon.tribes	13,101,987,991	12.75%
kanibot	17,835,523,705	50%
hugo1954	504,610,978	100%
idig	2,592,566,306	6.25%
cageon360	5,883,799,596	100%
urtrailer	203,565,010,292	25%
bruneo	741,045,702	100%
ph1102.leo	669,603,623	100%
cinqowy	132,038,205	100%
coinlogic.online	4,090,011,390	8.5%
khalstem	1,887,368,290	100%
chloem	2,633,145,702	17%
leotrail	1,939,200,118	50%
oelgniksivart	3,727,080,101	100%
fr-ida	537,780,751	98%
cd-stem	532,867,015	100%
unpopular	2,183,503,431,793	100%
splatts	55,811,744,452	12.5%
chicoduro	583,246,117	25%
sacrosanct	20,416,108,634	50%
khalpal	2,054,492,143	100%
lorentm	2,361,232,133	100%
hive-131578	30,124,127,781	100%
angel33	642,588,051	100%
onestop	2,907,633,352	8.5%
photosnap	2,395,073,418	25%
kgsupport	553,678,938	12.5%
mice-k	0	0.2%
libertypal27	565,502,867	100%
catanknight	842,172,587	100%
brofund	381,380,112,163	100%
surya1adiga	1,715,423,325	16.5%
leofinance	27,046,166,751	17%
blue-witness	970,820,540	100%
x9ed1732b	7,602,471,934	15.3%
solcycler	2,755,272,081	100%
flowerbaby	6,923,033,990	21%
penned-bullshit	775,460,618	50%
softworld	201,326,635,199	51%
captainhive	467,920,282,340	20%
mpath	1,085,578,660	100%
dcityrewards	5,260,425,087	0.2%
holoferncro	2,117,337,076	5%
memehive	1,593,571,699	100%
ninnu	14,206,233,317	10%
zuly63	1,618,518,032	13.6%
rmsadkri	13,724,279,130	20%
catinthewindow	1,147,179,360	12.5%
beehivetrader	759,333,718	8.5%
moneyheist-sl	645,992,542	100%
baptisttadg	11,345,124,695	100%
greengalletti	80,152,514,055	100%
roberto58	9,502,989,069	100%
w-t-fi	1,455,735,714	100%
w-splatts	8,947,309,014	25%
dayerlis	700,395,473	100%
neoxcur	1,086,767,585	100%
recoveryinc	32,845,774,427	50%
brofund-pal	2,821,307,286	100%
uyobong.venture	1,100,723,461	50%
aslehansen	12,769,817,896	50%
sevenoh-fiveoh	1,106,814,048	5%
liz.writes	1,592,839,940	75%
dying	3,732,850,015	100%
myupvote2u	1,672,503,794	50%
idea-make-rich	80,544,517,846	100%
ctpsb	642,373,811,273	50%
borbolet	13,860,357,309	30%
eddie-earner	720,667,858	8.5%
iamfarhad	784,944,617	50%
borniet	2,452,362,759	50%
flaxz.ctp	105,388,350	10%
dorkpower	3,973,227,344	100%
rohansuares	10,569,828,393	100%
aiovo	3,623,902,251	100%
stemcur	817,578,981	100%
officialhisha	7,002,215,886	25%
gungunkrishu.leo	2,608,032,853	100%
schindmaehre	193,692,037	100%
drax.leo	4,314,256,828	20%
meta.condeas	2,805,030,780	50%
torrey.leo	592,927,882	100%
birdbeaksd	486,661,715	50%
psicologiaexpres	8,476,015,672	30%
tamiapt6	1,149,531,224	100%
andrastia	30,826,507,437	40%
netaterra.leo	872,040,449	25%
leoschein	1,023,917,522	50%
gualteramarelo	732,532,220	50%
sillybilly	521,430,284	100%
jmsansan.leo	10,945,195,510	8.5%
dcrops	956,826,658	0.1%
leo.tokens	1,529,130,423	17%
erikahskitchen	6,372,651,676	100%
ammonite.leo	1,486,790,609	100%
completewind	4,572,260,519	100%
adamada.leo	838,955,472	100%
potpourry	1,207,942,446	30%
resiliencia.pal	2,009,268,584	100%
rondonshneezy	1,121,735,524	8.5%
shamzy	2,777,944,128	50%
susie-saver	7,969,286,966	100%
myvest	96,148,112,597	100%
cielitorojo	11,211,397,863	8.5%
hykss.leo	566,765,180,596	67%
samrisso	35,344,134,103	50%
trostparadox	3,679,798,213,297	100%
meowcurator	1,145,100,241	70%
cookaiss	1,574,678,750	10%
cbridges573	8,826,436,527	30%
eturnerx-honey	18,140,155,318	46.3%
abh12345.archon	1,492,464,139	100%
bananass	7,139,585,883	32.5%
retaliatorr	2,698,876,708	100%
nj07	3,839,402,056	100%
gimmetricks1	3,040,624,447	100%
megaleoschein	671,735,079	40%
elongate	563,062,778	17%
amongus	624,755,201	17%
xyba	47,526,406,733	100%
dugsix	753,652,973	50%
utopis	821,542,982,235	75%
chamathleo	2,079,683,204	100%
zdigital222	1,215,874,347	100%
luckyali.ctp	1,351,437,702	50%
tomtothetom	14,803,729,090	100%
nyxlabs	532,042,559	2.5%
brofi	12,803,816,743,374	100%
bhealy	890,526,530	50%
drricksanchez	47,160,573,316	10%
eforucom.neox	2,581,622,805	100%
mann0000	1,243,186,803	50%
broadhive-org	1,205,808,617	8.5%
eforucom.leo	2,969,171,631	100%
leonordomonol	615,623,411	100%
raythulhu	24,641,253,515	100%
high8125theta	4,136,314,827	100%
darinapogodina	623,883,499	50%
juecoree.stem	695,825,035	100%
impurgent	638,688,116	40%
maurofolco	560,933,336	50%
abh12345.cine	1,082,754,626	100%
interpretation	8,839,088,641	100%
abh12345.ctp	1,121,227,498	100%
bighungrypanda	34,873,577,803	100%
dendendenden	6,256,556,203	100%
mahuampionlinemg	2,605,526,108	100%
zwhammer	1,046,473,301	50%
hive.friends	0	1%
vanillavow	519,106,632	100%
mattbrown.art	1,055,863,656	12.5%
bulldog1205	24,309,827,430	50%
magnacarta	1,070,986,446	8.5%
mimi05	7,488,005,188	80%
davidbright	1,295,834,419	7.5%
steentijd	5,143,122,772	8.5%
akane47	4,119,230,511	100%
irenicus30	135,623,574,342	100%
kamaleshwar	6,026,814,390	50%
chandra.shekar	9,608,232,251	50%
kannannv	28,411,756,002	50%
crypto-guides	6,973,856,255	100%
bokica80	3,699,583,739	50%
panosdada.leo	2,035,158,384	100%
radenkusumo666	1,167,609,711	100%
patsitivity	33,425,443,880	25%
dinvest	1,274,000,743	100%
cryptoccshow	5,938,849,975	50%
lsdmercyy	803,191,859	100%
asif7	8,015,680,585	82.9%
apunawu	8,550,506,825	100%
lazy001	1,711,463,513	100%
banzafahra	985,573,758	8.5%
cugel	15,903,533,328	50%
vrezyy	6,019,228,553	50%
acantoni	11,936,418,654	50%
cathgothard	32,981,951,425	60%
trasto	843,800,367	15%
iproto	622,223,120	50%
cryptokungfu	8,151,011,116	100%
oluwasamlex1	576,683,677	50%
jkp.nisha	3,708,531,590	100%
ginnungagap	714,701,938	100%
dstampede	166,426,826	100%
rynos-6	676,399,828	100%
kesonaichi	499,395,139	25%
dsky	905,098,309,303	100%
forsakensushi	176,935,466,890	100%
sevatar	688,682,078	100%
abh12345.cards	3,127,393,997	25%
maakue	9,300,904,242	100%
krazeworgen	2,987,706,441	100%
tyrnis.curation	3,054,658,064	100%
hive-142864	2,063,258,695	100%
skgcrypto	748,170,095	50%
johnripper	1,605,254,856	25%
swearingradio	995,518,051	12.75%
ga38jem	38,917,178,801	100%
abeerhunter	6,439,845,644	21.5%
wazock	1,927,510,149	33%
woodmurderedhat	-3,690,524,864	-100%
topbooster.leo	530,307,698	50%
leoalpha	598,206,020	50%
waivio.welcome	572,886,460	1.13%
cryptobeautiful	1,371,545,409	100%
brainstommer	627,332,661	8.5%
degagneiv	271,010,488	100%
vickoly	7,751,457,642	100%
listnerds	76,463,393,421	20%
lordtimoty	157,319,008,836	39%
zeclipse	522,427,089	17%
pompoko	19,028,958	25.5%
youngiv	27,353,193	100%
grabapack	2,355,126,387	8.5%
balaz	12,491,258,791	50%
gone-hive	1,639,112,376	12.5%
alonicus	44,226,767,515	100%
prosocialise	8,354,085,526	8.5%
khaltok	1,470,135,766	17%
doobetterhive	2,793,129,423	100%
ptmaker	2,212,983,849	100%
plicc8	3,116,445,860	13.6%
isabel-vihu	7,430,302,060	25%
mallorcamum	1,241,862,435	25%
xianlaiyiju	12,224,504,105	100%
xleo.voter	-50,535,847	-17%
hive-117638	1,665,741,862	50%
ctptips	4,098,097,386	15%
p-hive	337,293,645,652	17%
revise.spk	1,616,912,277	20%
signum-bridge	3,755,157,730	100%
shamlands	7,056,885,641	25%
master-lamps.ctp	0	100%
dalz.spkcc	1,156,535,486	15%
bnb-hive	45,143,971,282	17%
cryptosnowball	23,913,644	10%
blackmedschn	8,257,095,232	47.91%
bank-of-hive	150,755,715,872	100%
thefed	53,985,665,915	100%
specific-leo	540,555,221	17%
lordneroo.leo	217,299,001	50%
lordneroo.pob	207,136,720	50%
lordneroo.vyb	206,956,146	50%

@apunawu · Jul 30 '22

I thought it was owned by a Solana team not until you pointed them as a third party.

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@cryptosnowball · Jul 30 '22

When you build a DeFi project, you need to test massively against exploits to be safe and secure the funds of investors.

👍 clipoftheday

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properties (23)vote details (1)

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@dalz · Jul 30 '22

> A user took out a flash loan for $10 million dollars worth of USDC and minted $10 million worth of ANA. This increased the price of ANA in excess of $10 million dollars allowing the attacker to return fewer ANA tokens than they minted.

How did the price went up if the tokens were minted?
There were similar exploits on the PancakeBunny and the Belt platform, where they moved the price oracle for a bit ... not sure how did exactly happened here

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@themarkymark · Jul 30 '22

> How did the price went up if the tokens were minted?

Contract Algorithm

👍 dalz
👎 exifr0, r351574nc3, exifr, salty-mcgriddles, mariuszkarowski

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@dalz · Jul 30 '22

So a bad design ... realy bad coding practice there, especialy with a year of experiance in flash loans and tricking price oracles.

properties (22)

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1 reply

@forexbrokr · Jul 30 '22

RE: Solana based ANA stablecoin crashes after flash loan exploit

Oh...

ANOTHER Solana based stablecoin goes to zero?

Thought they might have learned from [Cashio's infinite glitch exploit](https://leofinance.io/@forexbrokr/you-know-which-stablecoin-didn-t-go-to-zero).

Guess not.

Next.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@forexbrokr/re-themarkymark-65j1rd)

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@giorgakis · Jul 31 '22

Solana had another unsuccess story... What a surprise ... Not

properties (22)

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@latinowinner · Jul 30 '22

not the first and surely not the last attack

properties (22)

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@lordtimoty · Jul 30 '22

$0.31

Shit eh? Not a bad pay day if you could get it. I'll be honest, at $3.5 million bucks I'd only need one day like that! I found 5 bucks in my pocket the other day and thought I was having a good week!

👍 michealb, coolguy222, arc7icwolf

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@manniman · Jul 30 '22

Risk 10M on a field trip, I always assume that it's an insider job. You write it, you know it, you have a bad weekend in vegas so you come back and exploit it.

properties (22)

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@opidia · Aug 1 '22

![EE57BAB6-B2DE-4D48-8B74-0B3C502DF6F7.jpeg](https://files.peakd.com/file/peakd-hive/opidia/23wgMn67BZC6x1vVEHFANmCYg9xRd1mGg7cZVBSbrt1wPynUa27SFCtn2pENSQWQS4h2q.jpeg)

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@poshtoken · Jul 30 '22

https://twitter.com/Uyobong3/status/1553490856312770565
<sub> The rewards earned on this comment will go directly to the people( @uyobong ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>

properties (22)

@typebox · Jul 30 '22

*In this case, they were able to make around $3.5 million dollar profit. The price of ANA dropped around 90% as a result of this*- This way, the attacker could steal $3.5 million from the Nirvana treasury, repay the USDC loan, and then move the stolen funds to an Ethereum wallet converting it to DAI stablecoin.

properties (22)

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@urun · Jul 30 '22

$0.02

![untitled.gif](https://media.tenor.com/images/9d582d278dc5e4ed349d7235ce6281ec/tenor.gif)

people still try to build more algo stablecoins?

👍 manniman

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voter	weight	wgt%	rshares	pct	time
manniman	0 B		31,647,859,150	5%

@manniman · Jul 30 '22

Your hate is like a whirlwind

![untitled.gif](https://media.tenor.com/images/a051c65a0998f6d419709a4263df8852/tenor.gif)

👍 urun

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urun	0 B		1,197,806,479	100%

@uyobong · Jul 30 '22

RE: Solana based ANA stablecoin crashes after flash loan exploit

From $8 to less than $2 is a terrible plunge. I hope LeoFinance devs learn from news such as this to guard against such occurrences with PolyCUB and CubDeFi.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@uyobong/re-themarkymark-2syhqr)

properties (22)