BleepingComputer reports that Level Finance has lost nearly $1.1 million worth of LVL tokens in a hack that involved the exploitation of a smart contract vulnerability just after the decentralized perpetual exchange underwent two security audits. No impact has been reported to Level Finance’s liquidity pool and DAO treasury but the attack has prompted an almost 50% decline in LVL token value, according to Level Finance, which also noted that the exploit has not affected other contracts.

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