A hacker stole $11 million from decentralized finance (DeFi) protocols Agave and Hundred Finance.
It was stated that the hacker stole WETH, WBTC, Chainlink, USDC, Gnosis and WXDAI. This hacking took place after $3 million worth of Dai was stolen from Deus Finance.
Agave’s native token AGVE, according to CoinGecko data in the last 24-hour period 25% down to $52 declined to its level. But Hundred Finance’s native token HND is only 4% experienced a decline.
Agave’s token AGVE, the highest value 1,466 about your dollar below 96% exists. HND is the highest level below 90% exists.
Agave on Twitter in the statement, He said that they are investigating the attack and will do it when they learn the detailed information. Hundred Finance did in the statement stated that their investigations are continuing and that they have stopped their transactions during this period.
Solidity developer Shegen on Agave hack $225,000 that you lost and that the hacker was more than normal. to borrow cryptocurrencies an enabling taking advantage of the open stated. The calculation that the application has a problem in the borrowing system done wrong it is said.
Shegen said in a statement, because the smart contract in Agave is the same as in Aave. He said he trusted. Stating that it is relatively lower than the hacking events so far, Shegen said, “The similarity to Aave made the protocol seem more secure, but it wasn’t.” said.
Also, Agave as Shegen couldn’t block the attack. don’t blame the developers told.