Hundred Finance Suffers $7 Million Loss in Optimism Hack – Here's What Happened
Multi-chain lending protocol Hundred Finance has fallen victim to a hacking attack which enabled the theft of about $7 million worth of crypto. The attacker accessed the funds via Optimism, an Ethereum layer-2 blockchain.
"Once again we hope the hacker will reach out back to us and we will be able to find a joint solution to resolve this matter," the protocol said in a tweet.
In a subsequent statement, Hundred Finance’s staff tweeted they have "sent a message to the hacker and are in talks with different security teams."
"Main focus is establish coms with hacker, reach an agreement," according to the protocol.
The protocol has also announced that its "team is preparing a post mortem” with regards to the breach.
"In parallel we are gathering all information available in order to have that handy for possible further steps,” Hundred Finance said.
In the meantime, in another tweet, the protocol offered some suggestions with regards to the vulnerabilities that were exploited to carry out the hack.
"If you are a Compound V2 fork and we or our frens are not in contact with you already, please reach out so we share the information on the hack since it is a general flaw in the code and not specific to Hundred deployment," according to Hundred Finance.
In reaction to the latest development, decentralized finance (DeFi) risk-based insurance and reinsurance protocol Uno Re has reached out to the protocol, offering Hundred Finance’s team its "assistance with tracing the funds and implementing security measures to mitigate potential risks in the future".
Jaskanwar Singh, Uno Re’s co-founder, tweeted that a member of the company’s team "is actively tracing funds" in relation to the attack.
Hundred Finance says it was launched on
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