Ethereum’s DeFi protocol has leaked after the loan was exploited
Ethereum decentralized finance (DeFi) protocol Hope Lend has zero assets left in the protocol after a devastating hack.
According to several blockchain security firms, the two individuals who beat the first hacker and the original hacker himself stole a combined 526 Ether (ETH) worth $825,357 from Hope Lend on October 18th. Publication. “The successful attacker obtained 264 ETH and paid a 263 ETH bribe to the ETH validator,” Certike wrote.
DeFi protocol developer Hope.money offers a different version of the story. Developers claim that a hacker in the X thread paid 263.91 ETH worth of users' money to a validator managed by Lido Finance, ultimately making a profit of 264.08 ETH. Hope.money staff said:
It is important to emphasize that all the protocols deployed are independent and will not affect other products and protocols currently on the platform, including HopeCard HopeSwap and $HOPE. We are committed to ensuring the protection of the rights of affected users. And related funds remain safe.
Two days ago, DeFi aggregator Defilama announced that it would begin monitoring Hope Lend's smart contracts for data manipulation. At the time of publication, Hope Loan had no significant assets remaining in the protocol. While developers did not reveal the reason for the incident, on-chain sleuth Sprick said the hack “appears to be related to WBTC. [wrapped Bitcoin] Decimals and rounding similar to recent smart loan hacks.
On October 18, 2023, at 11:48:59 AM +UTC, the HopeLend protocol became the victim of a hacker attack. It is important to note that the hacker did not profit from this attack.
The attack resulted in the loss of approximately 528 ETH, of which 263.91 ETH were paid in front-end bribes.
— Hope.money⚡️ (@Hope_money_) October 18, 2023
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