Safety
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It became known that unknown malefactors again attacked the next decentralized finance (DeFi) protocol. This time, the largest project in the sector based on the Solana blockchain called Solend suffered. He was attacked on the morning of November 2, 2022.
According to the press service of the cryptocurrency startup, the security department recorded an attack by one of the oracles on the USDH stablecoin. The exploit affected isolated pools Stable, Coin98 and Kamino. The attacker was able to disable several protocol features and fraudulently obtain $1.26 million in collateral.
According to the company’s technical support, the rest of the pools were not affected and user funds are safe. All pools have been temporarily disconnected from the network, and various services and major cryptocurrency exchanges have been notified of the exploiter’s wallet address.
Experts from blockchain security company PeckShield noted that they would conduct their own investigation into the incident and help Solend developers identify the causes of the hack, as well as help fix the problem. Representatives of the Solend crypto-loan platform, in turn, stressed that they would also study this situation.
The company promised to compensate users for all lost funds as soon as possible. The press service of Solend asked customers not to worry and assured that all cryptocurrency assets would be returned to their owners.
Earlier, the editors of Crypto.ru reported: one of the co-founders of the DeFi project Solend spoke about how his firm raised funds during funding rounds. The entrepreneur emphasized that the well-known venture organization Alameda Research Ventures, led by FTX head Sam Bankman-Fried, took part in one of them.
#Cybercriminals #Hack #Solends #DeFi #Protocol
