Cyber Attacks Hit DeFi Protocols for a Combined $25 Million
A little over $25 million in cryptocurrency was stolen from DeFi protocols at about the same time in mid-May, with Sonne Finance, BlockTower and ALEX Lab experiencing substantial losses.
#cyberattack #defi #fintech #cryptocurrency #crypto #SonneFinance #BlockTower #ALEXLab #security #cybersecurity #hackers #hacking #Hacked
https://www.cpomagazine.com/cyber-security/cyber-attacks-hit-defi-protocols-for-a-combined-25-million/
Cyber Attacks Hit DeFi Protocols for a Combined $25 Million
DeFi protocols had a bad day as Sonne Finance took the bulk of the loss, with about $20 million stolen via an exploitable bug. Cyber attacks also hit two other providers.
#SonneFinance hacked, losing $20 million via Compound #Finance vulnerability exploit on Optimism. #Crypto #CryptoNews #CryptoHack
Response: Closed Optimism markets, ensured Base safety, engaged community to recover funds, emphasized security.
https://coinpedia.org/news/defi-project-sonne-finance-exploited-for-20-million-on-optimism/
DeFi Project Sonne Finance Exploited for $20 Million on Optimism
A series of hacks has occurred. The latest victim was Sonne Finance, a decentralised lending protocol that works on Optimism and Base. The protocol has
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