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Float Protocol loses $28K in flash loan attack exploiting Uniswap V3 price manipulation.

Market News
31 Aug 2026
Crypto news
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Bearish
pluang ai news

Float Protocol suffered a $28,000 loss after an attacker used a flash loan to manipulate the Uniswap V3 spot price, causing its Hypervisor contracts to calculate inflated liquidity provider (LP) share values. The attacker exploited the lack of time-weighted average price (TWAP) or oracle verification and slippage protection in critical contract functions by distorting the pool's current price and repeatedly depositing and withdrawing funds based on incorrect LP share values. This incident highlights vulnerabilities in DeFi protocols relying on spot prices without robust price checks, emphasizing the need for improved security measures to prevent similar exploits.

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