Jimbo's Protocol

Jimbo’s Protocol was hit with a flash loan attack in the early hours of Sunday, losing $7.5M.
This marks the sixth incident on the Arbitrum platform in 2023. The hack exploited a lack of slippage control in the protocol's contract. The team has reached out to the attacker and offered a 10% bounty for the return of funds. If the situation is not resolved, they plan to involve law enforcement agencies.