DeFi Protocol 0VIX Loses Nearly $2M in Flash-Loan Exploit
The attacker stole 1.45 USDC along with other tokens.
Decentralized-finance protocol 0VIX has lost roughly $2 million in a flash-loan exploit, according to on-chain data on Polygon's block explorer.
A total of 1.45 million USDC, along with other tokens, was stolen before being bridged to the Ethereum mainnet on Stargate Finance, where it was eventually swapped for ether (ETH).
The protocol had $6.4 million in total value locked before the exploit. That figure has now slumped to $1.7 million as investors rapidly withdrew their capital.
This is the latest in a series of crypto exploits, with ZkSync-based decentralized exchange Merlin suffering a $2 million rug pull on Wednesday.
0VIX confirmed the attack on Twitter, stating that it is "working with its security partners to look into the current situation."
0VIX is working with its security partners to look into the current situation that seems to be related to vGHST.
— 0VIX | live on zkEVM (@0vixProtocol) April 28, 2023
As a result, POS and zkEVM markets have been paused this includes pausing oToken transfers, minting, and liquidations.
Only POS has been currently affected but zkEVM…
"Only POS has been currently affected but zkEVM has been paused as a precaution and will likely be enabled shortly again," it added.
Read more: DEX Merlin and CertiK Plan to Compensate $2M to Users Impacted in Rug Pull
More For You
需要了解的:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Більше для вас
USDC Issuer Circle Secures Abu Dhabi's ADGM License in Middle East Expansion
The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.
Що варто знати:
- Circle has obtained a Financial Services Permission license from Abu Dhabi Global Market, allowing it to operate as a Money Services Provider in the UAE.
- The stablecoin issuer has appointed Dr. Saeeda Jaffar, former manager at payments firm Visa.
- The approval comes as part of the UAE's emergence as a global hub for regulated digital assets, following similar licenses granted to Binance.
