🚨 Surprise Attack Shakes the SEI Network… and a Harsh Lesson in the DeFi World
In the world of decentralized finance, one second of mistake can turn into real loss.
And that's exactly what happened on the SEI network.
In short:
A Flash Loan attack targeted the Synnax contract, where the attacker borrowed 1.96 million WSEI
worth around $240,000...
And the worst part? The amount was not returned.
How did it all start?
• Just three blocks before the attack
• A simple error in a transaction on the chain
• One address accidentally sent funds to the contract
This mistake provided the fuel the attacker needed to successfully execute the attack.
The attack path revealed a crucial truth:
The transactions (TX1 and TX2) showed that
even 'small oversights' on the blockchain
can become deadly vulnerabilities in DeFi protocols.
The message here is clear:
Security is not optional.
And thorough smart contract audits are not a luxury.
One mistake… can open the door to total disaster.
👇 What do you think?
Do you believe human errors are still the biggest risk in DeFi?
Share your thoughts in the comments, and don't forget to like and share to spread the word.
