Lighter's post-mortem on the $ARC attack tldr: attacker lost $8.2M trying to drain the LLP. LLP lost just 75k thanks to segmented strategies capping exposure (read the full post to understand how). shorts profited. zero manual intervention, the trader got deleveraged to LLP and
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Lighter's post-mortem on the $ARC attack tldr: attacker lost $8.2M trying to drain the LLP. LLP lost just 75k thanks to segmented strategies capping exposure (read the full post to understand how). shorts profited. zero manual intervention, the trader got deleveraged to LLP and