“The unfortunate soul used the #KyberSwap aggregation router to dump a large clip of #3CRV (#DAI/USDC/USDT) #LP token into #USDT.”

The user could have sold his #LP tokens for #USDT for a 6% slippage. However, they chose to go for a “questionable " method.

On-chain investigations revealed that the user had stored the assets in a liquidity pool (#LP) — a popular method to earn passive income in #cryptocurrencies. 

Attackers loot $5M from Osmosis in LP exploit, $2M returned soon after

#lp #tmac