A decentralized crypto protocol developed on Arbitrum has fallen victim to a $7.7 million hack

Yesterday, a protocol on the Arbitrum blockchain fell victim to a hack that resulted in the loss of $7.7 million in crypto. The attacker was able to exploit a problem involving the protocol’s internal slippage management, making a fortune in a matter of minutes. Let’s try to delve deeper into the matter. Jimbos, Arbitrum’s crypto protocol, hacked for 7.7 million On Sunday, 28 May at 2:30 AM, Jimbos, a decentralized crypto protocol based on Arbitrum, was hacked for 4,090 Ether, corresponding to over $7.7 million. The hacker was able to exploit a slippage problem in the platform to carry out