On April 1, 2024, OpenLeverage on BSC suffered a business logic vulnerability exploited via flashloan attack. An attacker manipulated protocol accounting to extract funds from the leveraged trading protocol. OpenLeverage's insurance and buyback funds were mobilized to compensate affected users.

The DeFi protocol OpenLeverage has been attacked, resulting in a loss of approximately $260,000. In light of this, OpenLeverage has decided to discontinue the OpenLeverage trading and lending protocol. OpenLeverage is initiating processes for users to close trades/borrowings and withdraw funds safely. All protocol actions will remain paused until withdrawal processes begin early next week.