In today's #TotallyUnsurprisingNews, #Polygon-based lending protocol #0vix has been flash loan attacked in a $2m hack, by manipulating the #Aavegotchi #vGHST (staked #GHST) prices and liquidating for #USDC & #USDT.

This is why small cap assets should never be co-mingled on borrow/lending platforms. They also ran their own price oracle rather than using #Chainlink. :oof:

https://decrypt.co/138262/polygon-lending-protocol-0vix-pauses-protocol-exploit