Crypto
RedSonic Vault Exploited for 9.25 ETH with Flash Loan Attack
A vulnerability in the RedSonic Vault on Ethereum allowed an attacker to drain 9.25 ETH using a complex flash loan exploit in a single transaction.
Blockchain security firm ExVulSec identified and analyzed the incident, outlining how the vault's dual-asset pricing flaw was entirely compromised.
The attacker launched their operation by borrowing 1,139 WETH from Balancer through a flash loan, which allowed the necessary capital without tying up their own funds.