It appeared that the platform had been fooled into severely undervaluing tokens that belonged to its users and selling them to the attacker at an extreme discount. Indexed Finance was built on the Ethereum blockchain, a public ledger where transaction details are stored, which meant there was a record of the attack. It was on October 14th 2021 in England, when crypto platform Indexed Finance was hacked by a then 18-year-old math prodigy.
