Alpha Homora loses $37 million following Iron Bank exploit
Cointelegraph
Published Feb 13, 2021 09:33AM ET
Updated Feb 14, 2021 12:00PM ET
In one of the largest exploits of the DeFi era, this morning an attacker successfully drained over $37 million from Alpha Homora by leveraging Cream’s Iron Bank protocol-to-protocol lending platform.
Alpha Finance Lab, whose protocol was audited by Quantstamp and Peckshield, announced on Twitter this morning that they were aware of an attack, that the “loophole” that allowed it had been patched, and that the team had a “prime suspect”:
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Written By: Cointelegraph
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