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Alpha Homora users lose 40 ETH due to MEV robot

October 23, 2021
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On October 23, the cross-chain DeFi protocol Alpha Finance Labs stated that there were a total of 20 addresses in history that used the leveraged mining protocol Alpha Homora V2 and lost a total of 40.93 ETH because the transaction was discovered by the MEV robot. Alpha Finance stated that it will fully compensate these losses in the form of ALPHA tokens.

Regarding this issue, Alpha Finance believes that Uniswap V2 smart contracts have implicit assumptions. These assumptions are not explicitly stated at the contract level, so they believe that this will cause slippage to go unchecked. Alpha Finance said that it will fix the problem and check it during the transaction, so these situations will no longer occur. Security audit institutions OpenZeppelin and Peckshield have also confirmed the repair plan.

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