🚨 Minimalist USD ($USM) drained $136K 2026-08-09 | #Ethereum Attack Type: Flash-loan oracle / sliding-price manipulation Attacker flash-loaned 11,580 $WETH from Balancer β†’ spammed USM.defund() 65 times, burning the entire ~62M $FUM position against the ETH pool. Each defund call twisted the internal bidAskAdjustment (_defundFum β†’ ls.bidAskAdjustment.wadMulDown), chunking the exit so the effective FUM sell price got inflated to ~$7.1M while the real oracle sat at ~$1,921. Result: every burn extracted far more $ETH than fair value. Loan repaid, net ~70.83 ETH profit straight out of the USM ETH reserve. TX: etherscan.io/tx/0xfae5e751b8… Classic β€œmanipulate the adjustment curve, exit above mark” play. Another reminder that internal sliding prices + flash loans still print.

Aug 10, 2026 Β· 6:07 AM UTC

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