What happened
Nirvana Finance became the victim of a flash loan attack during which the liquidity pools of the protocol were depleted. The Solana-based Nirvana protocol suffered losses of $3.5M.
Nirvana is a sustainable mechanism of wealth creation due to the growing minimum price. The $ANA and $NIRV token functioned as a balance between profitability and risk.
Nirvana Finance has been subjected to a flash loan attack on the Solana network. The attacker took a flash loan during which he managed to manipulate the price and change the value of $ANA from $8 to $24.27 per transaction. Using the Solend Protocol , the attacker borrowed 10M $USDC which were used for exploiting Nirvana. He minted $ANA in worth of 10M $USDC then swapped $ANA for $USDT taking a profit of $3.5M which then were bridged through the Wormhole Bridge into the Ethereum network. At the moment of this writing all the stolen funds are sitting on the attacker's account.
Involved addresses:
Scammer addresses:
(ETH) https://etherscan.io/address/0xb9ae2624ab08661f010185d72dd506e199e67c09
(Sol) https://solscan.io/account/62o4UiW394…pm7PRR
(Sol) https://solscan.io/account/76w4SBe2of…SbTAWH
Nirvana Treasury address (Sol): https://solscan.io/account/CxuuSEv67P…QSJnaG
Transactions:
Flash-loan: https://solscan.io/tx/LyUnvdY9KB…tAoeR5
Bridging tokens through the Wormhole:
Case & protocol details
Evidence & learning
Sources and on-chain records
- report Report twitter.com
- analysis Web Archive web.archive.org
- analysis Website reference coindesk.com
- analysis Website reference yahoo.com
- analysis Website reference theblock.co
- analysis Website reference thelayer.xyz
- analysis Website reference coinjournal.net
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