Cybersecurity incident
Date: 2022-09-08 00:00:00
Affected organization: New Free DAO
Affected country: Undetermined
Industry: Finance and Insurance
Event type: Exploitive
Event subtype: Undetermined
Motive: Financial
Actor: Undetermined
Actor type: Criminal
Actor country: Undetermined
Description: An attacker steals $1.25 million worth of cryptocurrency from newly established decentralized finance protocol New Free DAO in a flash loan attack. The thief cashes out nearly half of the stolen funds so far.