The Fantom-based Polter Finance defi project was exploited for $7 million when an attacker was able to perform an oracle manipulation attack. By artificially increasing the price of the $BOO token, which is a governance token used by the SpookySwap project, they were then able to use that token to drain Polter’s liquidity pools using a flash loan. The attacker successfully drained the entire $12 million worth of tokens on the platform.The creator of the platform stated that they had filed a police report with Singaporean authorities. They also attempted to contact the hacker via on-chain message to negotiate the return of funds, but have not received a response.

Total loss estimated at $12,000,000.