~353k net profit using 'Sophisticated' arb on Fulcrum @bzxHQ
1.he took $2.7M Flash loan.@dydxprotocol 10kETH
2.put 5.5k ETH @compoundfinance, borrowed 112 WBTC
3.short WBTC on bzx #sETHwBTC5x
4.dumped 112 wBTC on #KyberUniswap to trigger short(oasis?)
5.Paid back loan
6.profit https://t.co/NRHM7NnAGK pic.twitter.com/11YWpUZe0o
— Julien Bouteloup (@bneiluj) February 15, 2020
Fulcrum uses its 'admin key'
Funds are SAFU:
1/*All users have ZERO losses*. Last night there was a widely reported attack that took place against our protocol. From the perspective of the protocol, someone simply took out a loan. From the perspective of the lender, this loan is like any other.
— bZx (@bzxHQ) February 15, 2020