Web3 security platform Ancilia posted on social media that an old Compound v2 protocol was hacked, resulting in a loss of approximately $320,000. The losses include approximately 46 WBNB, 30,000 BUSD, 178,000 BUSDT, 4,000 USDC, 3,000 DAI, 14.6 ETH, and 1.32 BTC. Ancilia stated that the root cause was exchange rate manipulation. Once the exchange rate is controlled, hackers can borrow more money than the collateral. The contract uses the old Compund V2 protocol, which has known vulnerabilities.
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Ancilia: An old Compound v2 protocol was hacked, costing around $320,000
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