Solana’s Flash Trade Hit by $98,000 USDC Exploit, Says Users Won’t Lose Funds
On July 22nd at 12:21 AM SGT, Flash Trade, a perpetuals exchange built on Solana, experienced a security breach resulting in the theft of $98,000 worth of USDC. The problem was caused by a mistake in the code of MagicBlock’s SDK, which allowed an attacker to bypass security measures and use a fraudulent account.





