Document Analysis NLP IA
FREQ, RAKE or TFIDF
Summary (IA Generated)
Attackers have exploited a vulnerability in the Opyn ETH Put contract to walk away with more than $370,000.
We are working hard on understanding this issue so we can let help users as best we can.
— opyn (@opyn_) August 4, 2020Attempting to prevent further abuse of this loophole, Opyn recovered 439,170 USDC of collateral from outstanding vaults using a white hat hack, effectively returning it to Put sellers.
According to Opyn co-founder Alexis Gauba in a Discord chat session, the platform has offered to buy any ETH Put oTokens “at above market prices,” which she said were 20% above the best ask price at Deribit.
The last update she posted stated Opyn was working on a plan “to mitigate impact for ETH put sellers.