Hundred Finance hacked on Optimism, suffers $7 million loss

2 years ago

Hundred Finance, a decentralized finance (DeFi) multi-chain lending protocol utilizing the veHND model, has experienced a important information breach connected the Optimism layer-2 scaling solution.

The protocol, which integrates with Chainlink oracles to guarantee marketplace wellness and stability, announced via their authoritative Twitter relationship connected Saturday, April 15, that they had been hacked with losses estimated astatine USD 7 million.

Hundred Finance besides noted via Twitter that it had sent messages to the hackers and is successful talks with antithetic information teams to amended recognize the incident.

Blockchain information steadfast CertiK, which is investigating the incident, stated that the scope of the hack remains unclear astatine the clip of writing.

As this communicative is breaking, we volition update our readers with the latest accusation and developments arsenic they travel to light. Stay tuned to CryptoSlate for broad sum of this unfolding situation.

The station Hundred Finance hacked connected Optimism, suffers $7 cardinal loss appeared archetypal connected CryptoSlate.

View source