2022 cryptocurrency In addition to the drop in prices, many hacking It’s been a year of attacks.
Similar hacking events continue to occur in 2023. Finally a victim of hacking DeFi protocol dForce it happened.
Blockchain security firm PeckShieldin his post, said that the DeFi platform dForce was hacked and the estimated loss was $ 3.65 million.
PeckShield, the attacker 1,236.65 Ethereum (ETH), 719,437 USX at Arbitrum And 1,037,492 USDC at OptimismFND He said he stole it.
PeckShield has asked dForce to investigate the incident in question.
The estimated loss of today’s @dForcenet hack is ～$3.65M (w/ 1,236.65 ETH + 719,437 USX on @arbitrum and 1,037,492 USDC on @optimismFND). Our initial analysis shows the root cause is an oracle price issue. More details to come! https://t.co/PEzoX1emdp pic.twitter.com/tI9BPcfvWH
— PeckShield Inc. (@peckshield) February 10, 2023
About an hour after this post, dForce confirmed the attack as reported by PeckShield.
dForce, wstETH/ETHof Arbitrum & Optimism He said the Curve vaults on Curve were recently abused, adding that he was pausing contracts to prevent further damage.
“The wstETH/ETH Curve measure vaults in Arbitrum and Optimism were exploited a few hours ago and we immediately paused the dForce Vaults.
Other parts of the protocol remained intact, and with dForce Lending, user funds are SAFE.
On Feb 10 our wstETH/ETH Curve vaults on Arbitrum and Optimism were exploited and we paused all vaults immediately.
The vulnerability was identified and the exploit was specific to dForce’s wstETH/ETH-Curve vault.
An exploiter has managed to exploit the Curve pool reentry vulnerability to manipulate the price of wstETH/ETH.
This led to the liquidation of 1,031.42 ETH and 30.31 ETH equivalents of wstETH/ETH Curve LP tokens in Arbitrum and Optimum, respectively.
It also created $2.3 million in protocol debt.
We’ve spoken to security firm SlowMist team and our ecosystem partners to further investigate the matter, and we would like to offer a reward to the abuser if the funds are returned.”
On Feb 10, our wstETH/ETH Curve vaults on Arbitrum & Optimism were exploited and we immediately paused all vaults. The vulnerability is identified, and the exploit was specific to dForce’s wstETH/ETH-Curve vault. Users’ funds supplied to dForce Lending and other vaults are SAFE.
— dForce (@dForcenet) February 10, 2023
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