The sPMM algorithm controlling the pricing of WOOFi trades on DEX WOOFi was exploited on Arbitrum. The exploit consisted of a sequence of flash loans that took advantage of low liquidity to manipulate the price of WOO in order to repay the flash loans at a cheaper price. The exploiter repeated this attack 3 times within a very short period of time, which netted about $8.75m in profits after returning the flash loans.