Home deFi Hope Lend DeFi Platform Loses 526 ETH in Hack

Hope Lend DeFi Platform Loses 526 ETH in Hack

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Hope Lend DeFi Platform Loses 526 ETH in Hack

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A frontrunner bribed the preliminary hacker they usually each break up the proceeds.

Decentralized finance (DeFi) platform, Hope Lend, suffered an exploit resulting in a lack of 526 ETH.

Crypto analyst Spreek recognized the breach and stated it could be “associated to WBTC decimals and rounding,” they wrote on X. Blockchain safety agency SlowMist confirmed the assault.

A second hacker managed to front-run the preliminary attacker by bribing them 263 ETH, Spreek stated. They subsequently break up the proceeds evenly.

Hope Lend’s Whole Worth Locked dropped to $0 on Wednesday from just below $1 million earlier than the hack, in line with knowledge on DeFi Llama.

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No updates have been supplied but by the undertaking on the scenario.



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