Can ANYone break this down for me? what is a wrapable token, and why was it vulnerable this last sunday?

i haven’t taken the bitcoin attacks class yet, but it sounds like this had more to do with leverage and liquidity pools than any of the attacks about which i’ve ever heard…

also their explanation

this may or may not help, although i imagine it’s sufficiantly explained in the above link for anyone familiar with this type of thing: