Float Protocol hit by flash loan attack, loses ~$28K

The modest size of the loss does not diminish the signal this sends about persistent vulnerabilities in DeFi, particularly around flash loan mechanics. For protocols with similar liquidity structures, the attack underscores that even smaller players remain targets, and the financial impact can be amplified by reputational damage. With details still emerging, the key question is whether the exploit stemmed from a novel vector or a known flaw, which will shape how other teams prioritize audits and monitoring. The broader takeaway is that security risk remains a structural premium in the sector, not a solved problem.