Polter Finance, a lending project on the FTM network, was hacked for $12 million due to a “rugged market” issue, as noted by SlowMist founder Cai Yunge. In the audit explanation, the use of the same smart contract as Geist was mentioned, with only the flash-loan function removed from the Lending Pool.
However, the security audit for Polter Finance was not considered thorough, raising concerns about the project’s understanding of security practices.
Source
<p>The post Polter Finance Hacked $12M: Rugged Market Issue Raises Concerns Source: BlockBeats News, November 17th, by Cai Yunge first appeared on CoinBuzzFeed.</p>
