SharkTeam: Analysis of the principle of MIM_SPELL attack
On January 30, 2024, MIM_SPELL suffered a flash loan attack. Due to a precision calculation vulnerability, the project lost $6.5 million.

On January 30, 2024, MIM_SPELL suffered a flash loan attack. Due to a precision calculation vulnerability, the project lost $6.5 million.
The main reason for this incident is that the attacker used the project contract to use the rounding-up algorithm and controlled the parameter to 1 to maximize the rounding-up error, thus causing the ledger to be unbalanced.
MANA has broken down below the $0.75 horizontal support area; SAND has fallen below the $0.83 horizontal support area.
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BTC appears to be in the early stage of a recovery this week, and ADA, XLM, XMR and MANA could follow.
BTC price continues to encounter selling pressure, but a brief rally or the start of consolidation could lead to sharp gains in BNB, XMR, ETC and MANA.
Hopefully Ethereum becomes a system more like Bitcoin.
Hope Ethereum becomes a more Bitcoin-like system
Bitcoin could eventually attempt a relief rally which might trigger a rebound in MANA, MKR, ZEC and KCS price.
Altcoins such as AVAX, MATIC, EGLD, and MATIC are likely to remain strong if Bitcoin rises above $60,000.