Asymmetric Research Exposes Marginfi Flash Loan Vulnerability That Put $160M at Risk

Critical security flaw in Marginfi's protocol could have drained $160 million in user funds—had researchers not caught it first.

Flash Loan Attack Vector Exposed

The vulnerability allowed attackers to manipulate lending positions through flash loans, bypassing collateral checks entirely. One malicious transaction could have emptied the protocol's liquidity pools.

DeFi's Persistent Security Problem

Another day, another near-catastrophe in decentralized finance—where 'trustless' systems still require blind trust in unaudited code. The white hats got there first this time, but the next exploit might not be so lucky.

Researchers at Asymmetric discovered the bug during routine protocol analysis and immediately notified Marginfi's team, who patched the vulnerability before any funds were lost.