April 29 (Cointime) - DeFi platform ForTube has confirmed that it fell victim to a flashloan attack that resulted in a loss of over $60K. 

Ancilia, Inc. had detected a suspicious transaction targeting ForTube, the hacker behind the attack has been identified as 0x3bfe2a46f0050c76ea95b65abfa826bbfb27596d. 

"This is hack leverage a exchangeRate manipulation bug. The root cause is due to the repay() function after borrow. The repay() function will update the totalCash value but didn't update the totalSupply. So later on attacker could get a huge exchangeRate in calcExchangeRate()", Ancilia further explained.

In response, ForTube's technical team has taken emergency response measures and is currently reviewing the details of the attack. ForTube has assured its community that the relevant details and response to the attack will be announced as soon as possible. 

"Security measures were already taken and the user's assets will not be affected." said the team.