---
title: "Curve omnipool platform Conic Finance hacked for $3.2 million in ETH"
url: https://diffcoin.com/curve-omnipool-platform-conic-finance-hacked-for-3-2-million-in-eth/
description: "Conic Finance, a liquidity pool balancing platform for the decentralized finance (DeFi) protocol Curve, has suffered an exploit on the Ethereum…"
published: 2023-07-21
updated: 2023-07-21
author: "Mila"
site: "Diffcoin"
---

# Curve omnipool platform Conic Finance hacked for $3.2 million in ETH

Conic Finance, a liquidity pool balancing platform for the decentralized finance (DeFi) protocol Curve, has suffered an exploit on the Ethereum omnipool.

Conic Finance has been exploited for $3.26 million in Ether (ETH), the Web3 risk-alert source Beosin Alert [reported](https://twitter.com/BeosinAlert/status/1682348279387025416?s=20) on July 21. Nearly the entire amount of stolen cryptocurrency was sent to a new Ethereum address in just one transaction, according to data provided by Beosin.

*Transactions on the address involving a flashloan exploit on Coin ETH Pool. Source: Etherscan*

Conic Finance was quick to [confirm](https://twitter.com/ConicFinance/status/1682346727578255360?s=20) the news on Twitter, stating that the platform is currently investigating the exploit and will share updates as soon as they are available.

***Related:*** ***DeFi protocol Arcadia Finance hacked on Ethereum and Optimism for $455K***

According to the initial analysis [provided](https://twitter.com/peckshield/status/1682354822899712001?s=20) by the blockchain security firm Peckshield, the root cause came from the new CurveLPOracleV2 contract.

“Our audit identifies a similar read-only reentrancy issue. However, the same issue is introduced in the newly introduced CurveLPOracleV2 contract, which was not part of the audit scope,” Peckshield wrote.

This is a developing story, and further information will be added as it becomes available.

***Magazine:*** ***Hall of Flame: Wolf Of All Streets worries about a world where Bitcoin hits***

[Source link](https://cointelegraph.com/news/eth-curve-omnipool-platform-conic-finance-hacked-for-3-2-million-in-eth)