Hundred Finance, the multi-chain lending protocol targeted in the latest DeFi exploit, was reportedly hacked in Optimism. It’s about $7 million in damage. After the news of the hack, the altcoin price fell sharply.
Hundred Finance hacked, altcoin price crashed!
Hundred Finance (HND), a decentralized finance (DeFi) multi-chain lending protocol using the veHND model, suffered a major security breach in its Optimism layer-2 scaling solution. The protocol, which integrates with Chainlink oracles to ensure market health and stability, announced via their official Twitter account on Saturday, April 15 that they were hacked with losses estimated at US$7 million.
Hundred Finance also stated that it sent a message to the hackers on Twitter and talked to different security teams to better understand the incident. Blockchain security firm CertiK, which is investigating the incident, stated that the extent of the hack remained unclear at the time of writing. After the news, the altcoin price fell sharply. At press time, the HND price was down about 46% on a daily basis to $0.02393.
As this story unfolds, we will update our readers with the latest information and developments. For comprehensive information about this developing situation cryptocoin.comKeep following.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.