7 Million Hack On Optimism To DeFi Protocol: Altcoin Price Crashed

Its native token HND has tumbled more than 60% after multi-chain decentralized finance (DeFi) protocol Hundred Finance announced it had lost $7 million as a result of a cyberattack.

Hundred Finance published on its official social media account on April 15. in the shipmentyour protocol Ethereum (ETH) layer-2 network On Optimism (OP) cyber attack announced that he had come.

protocol, due to attack lost your amount 7 million while stating that it was dollars, the team contact He stated that he made a move to pass. Various security teams also with in contact you are but main focus, one with the aggressor to come to an agreement it was underlined.

team, attack how it happened any information about while not giving recently a analysis report stated that it will be created. In addition, users no speculation requested.

On the other hand, blockchain security platforms CertiK And PeckShield, an attack flash loan He said it was an attack.

According to the information given, the attacker ERC-20 with tokens htokens between dry manipulate earned himself a profit. Security platforms hWBTC protocol to manipulate the price 6 million worth a dollar 200 WBTC deposited and then the protocol its liquidity He said he abused it.

Native token of the protocol HND, after the news of the attack 0.0458 at dollar level 0.0176 falling to the dollar over 60% lost value.

Coinecko data HND, end 24 hours in 8.5% decrease living by writing 0.0213 traded at the dollar level.

Hundred Finance, last year March It was the subject of another cyber attack.


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