Aave purchases 2.7M CRV to clear bad debt following failed Eisenberg attack
Following a failed short attack, DeFi exploiter Avraham Eisenberg was liquidated from Aave at a loss of $10 million.
Following a failed short attack, DeFi exploiter Avraham Eisenberg was liquidated from Aave at a loss of $10 million.
The exploit failed due to a miscalculation of Aave's liquidity levels.
It appears that shorting of CRV tokens was a distraction shot to exploit a sophisticated loophole on DeFi platform Aave.