Hundred Finance loses $7 million in Optimism hack By Cointelegraph
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Multichain lending protocol Hundred Finance has experienced a significant security breach on the layer-2 blockchain Optimism. According to the protocol on Twitter, the losses sit at $7.4 million.
Hundred Finance announced the exploit on April 15, saying it had contacted the hacker and was working with various security teams on the incident. Although the protocol didn’t reveal how the attack was executed, blockchain security firm Certik noted that it was a flash loan attack:
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Multichain lending protocol Hundred Finance has experienced a significant security breach on the layer-2 blockchain Optimism. According to the protocol on Twitter, the losses sit at $7.4 million.
Hundred Finance announced the exploit on April 15, saying it had contacted the hacker and was working with various security teams on the incident. Although the protocol didn’t reveal how the attack was executed, blockchain security firm Certik noted that it was a flash loan attack:
Continue Reading on Coin Telegraph
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