Hundred Finance Lending Protocol Loses $7M to Hack on Optimism
CoinEdition
Published Apr 16, 2023 08:00AM ET
Hundred Finance Lending Protocol Loses $7M to Hack on Optimism
- Hackers attacked the Hundred Finance multi-chain lending protocol on April 15, 2023.
- The breach occurred on the DeFi platform’s Optimism Layer 2 scaling solution.
- Hundred Finance has sent a message to the hacker and claims to be in talks with different security teams.
Hackers attacked the Hundred Finance multi-chain lending protocol on Saturday, April 15, 2023. According to PeckShield, the blockchain security and data analytics company, the DeFi lending protocol incurred a loss of around $7 million during the attack.
In a follow-up tweet, Hundred Finance announced to its customers that it had sent a message to the hacker and claimed to be in talks with different security teams. It also solicited help from the public on how to resolve the issue.
The platform also advised users to desist from further speculations about the attack. It claimed that the project’s team is preparing a post-mortem, noting that its primary focus is to establish communication with the hacker and negotiate an agreement.
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