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Coin Edition 2025-05-28 08:31:17

BlockSec Thwarts Flash Loan Attack on Usual Protocol, Prevents Asset Loss

BlockSec Thwarts Flash Loan Attack on Usual Protocol, Prevents Asset Loss

Real-time defense by BlockSec’s Phalcon prevented a complex DeFi exploit on Usual Multi-stage attack involved flash loans and contract manipulation but was blocked early Usual incident highlights rising need for automated security in cross-chain DeFi protocols A sophisticated hacking attempt on the Usual Protocol was stopped in its tracks thanks to real-time detection by BlockSec’s Phalcon system. The attack, which unfolded on May 28, targeted the decentralized stablecoin platform across multiple blockchains. Usual, known for its fiat-backed token infrastructure, paused operations temporarily to assess the situation. BlockSec revealed that its intelligent security system intercepted the attack before any assets were lost. This swift response marks a growing trend of DeFi protocols turning to automated tools for constant protection. Our @Phalcon_xyz system detected an possibly attack tx to @usualmoney . Now the vault has paused, we can share the link here: https://t.co/SYZnkOySRu Book a demo to know how Phalcon can help protocol to monitor hacks and take automated actions. https://t.co/uYvbhlOwJh — BlockSec (@BlockSecTeam) May 28, 2025 Multi-Stage E… The post BlockSec Thwarts Flash Loan Attack on Usual Protocol, Prevents Asset Loss appeared first on Coin Edition .

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