Summary
TLDR: Prisma Finance, a DeFi protocol, was hacked, resulting in a loss of $11 million. The attackers stole 3,257.57 wstETH and converted it to ETH. Cyvers identified the attack’s mechanics and warned Prisma Finance to pause their contract. The total damage could exceed $11 million. Prisma Finance has paused operations and is investigating the breach. This incident highlights the risks of digital finance platforms and the need for robust security measures.
Key Points
1. Prisma Finance was hacked, resulting in a loss of $11 million. The team immediately paused all protocol activities to investigate the breach.
2. The attackers stole 3,257.57 wrapped staked Ethereum (wstETH) and converted it to Ethereum (ETH) through multiple transactions. The attack was calculated and targeted, exploiting vulnerabilities in the platform.
3. The total damage of the hack is estimated at $11 million, with the potential for further losses. Prisma Finance has halted operations and is conducting a thorough investigation into the breach. It serves as a reminder of the risks associated with digital finance platforms and the importance of robust security measures.