Optimism loses 20M tokens after L1 and L2 confusion exploited By Cointelegraph
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Optimism loses 20M tokens after L1 and L2 confusion exploitedThe honeymoon period for the Optimism layer-2 scaling solution has been cut short as an exploit in its market maker’s smart contract led to the loss of 20 million OP tokens.
The exploit took place May 26 but has only just been reported to the community. One million tokens valued at about $1.3 million were sold on June 5. An additional one million tokens valued at about $730,000 were transferred to Vitalik Buterin’s address on Optimism earlier today at 12:26am UTC. The remaining tokens are dormant for now but could be sold at any time or used to sway governance decisions.
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Optimism loses 20M tokens after L1 and L2 confusion exploitedThe honeymoon period for the Optimism layer-2 scaling solution has been cut short as an exploit in its market maker’s smart contract led to the loss of 20 million OP tokens.
The exploit took place May 26 but has only just been reported to the community. One million tokens valued at about $1.3 million were sold on June 5. An additional one million tokens valued at about $730,000 were transferred to Vitalik Buterin’s address on Optimism earlier today at 12:26am UTC. The remaining tokens are dormant for now but could be sold at any time or used to sway governance decisions.
Continue Reading on Coin Telegraph
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