Origin Protocol Loses $7M in Latest Flash Loan Attack

Blockchain project Origin Dollar (OUSD) said it sustained an attack that caused a loss of funds worth $7 million, including over $1 million deposited by Origin and its founders and employees. and has disabilized deposits as a result. The project’s native token is down 36% on the day, according to CoinGecko.

UPDATED at 02:38 UTC on 11/17/2020 with confirmation of the attack and increase in the amount of funds lost to $7 million.