# Raft’s $R Stablecoin Suffers $3 Million Exploit

> An attacker was able to mint 6.7 million uncollateralized R using a series of flash loans.

**Published by:** [ETH Daily](https://ethdaily.io/)
**Published on:** 2023-11-10
**Categories:** news, 2023, november2023
**URL:** https://ethdaily.io/337

## Content

Quick TakeRaft suffers a $3.3 million exploit.Obol mainnet open beta on December 1st.Aragon introduces a plugin for multichain governance.EtherRock NFT sells for 100 ETH.","version":"1.0","provider_name":"Spotify","thumbnail_url":"https://storage.googleapis.com/papyrus_images/619e6c380718b2219d719683daf81dde.jpg","type":"rich","thumbnail_height":300,"image":{"base64":"data:image/png;base64,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","img":{"width":300,"height":300,"src":"https://storage.googleapis.com/papyrus_images/619e6c380718b2219d719683daf81dde.jpg"}}}" format="iframe">Raft's $R Stablecoin Suffers $3 Million ExploitListen to this episode from Ethereum News on Spotify. Raft suffers a $3.3 million exploit. Obol Network will launch to mainnet open beta on December 1st. Aragon introduces a plugin for multichain governance. And an EtherRock NFT sells for 100 ETH. Read more: https://ethdaily.io/337https://spotify.comListen on: Apple | Spotify | Castbox | YouTube Raft Suffers $3 Million ExploitStablecoin protocol Raft experienced an exploit resulting in a loss exceeding $3 million. Raft allows users to mint its R stablecoin through CDPs using ETH or LSTs as collateral. An attacker was able to mint 6.7 million uncollateralized R using a series of flash loans. The stablecoins were then swapped for ETH on Balancer. Unexpectedly, the attacker burned 1,570 ETH, valued at around $3.3 million, by transferring it to a null address. Defillama engineer 0xngmi noted that the burn led to a net loss for the attacker. Raft has since halted the minting of new R. Users who have active positions on Raft can still repay their positions and withdraw their collateral.Obol Network Mainnet Open BetaObol Network is set to launch its Mainnet Open Beta on December 1st, allowing anyone to operate distributed validators (DVs) on mainnet. The DVs, which distribute a validator's key across multiple nodes, enhance Ethereum’s fault tolerance by ensuring continued validation even if a node in the cluster goes offline. Obol also introduced the Obol SDK, a TypeScript tool for creating and managing DV clusters, and Obol Splits, a series of smart contracts for handling reward, principal, and fee allocation within DV Clusters. Obol is also initiating a credential program for validators who successfully complete DV-related tasks.Aragon Plugin For Multichain GovernanceAragon introduced a multichain governance plugin that uses LayerZero for cross-chain messaging and zkSync Era for cost-effective vote settlement. The plugin allows DAOs to manage assets and permissions across multiple EVM chains from a single mainnet DAO contract, helping improve cross-chain protocol governance. The plugin is open-source and will be available on the Aragon App in early 2024.EtherRock Sells For 100 ETHAn EtherRock NFT sold for 100 ETH, which is equivalent to approximately $209,000. EtherRock is a collection consisting of 100 NFTs, each featuring a distinct clipart image of a rock. The collection was originally created in 2017. Following the sale, the minimum price to acquire an EtherRock is now 150 ETH.Other NewsPoloniex hacked out of $120 millionPoloniex hacker burns $2 millionRISC Zero introduces Bonsai PayAztec Sandbox v0.14.2Introducing ERC-7555 and ERC-7556Follow us on X, Lens, and Farcaster.

## Publication Information

- [ETH Daily](https://ethdaily.io/): Publication homepage
- [All Posts](https://ethdaily.io/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@ethdaily): Subscribe to updates
- [Twitter](https://twitter.com/intent/follow?screen_name=ethdaily): Follow on Twitter

## Optional

- [Collect as NFT](https://ethdaily.io/337): Support the author by collecting this post
- [View Collectors](https://ethdaily.io/337/collectors): See who has collected this post