Sonne finance exploited for 20 million
Sonne Finance, a decentralized lending protocol, has been exploited, resulting in a loss of around $20 million. The attacker used a known "donation attack" on Compound v2 forks, one of which is Sonne Finance.
As a result, the protocol team suspended its operation on the Optimism L2 solution, while operations on Base continue as usual. In 2023, Compound experts described a vulnerability that allows attacking markets with low liquidity and non-zero collateral factor (CF) on the platform's second version.
#DecentralizedLending #Exploit #Liquidity #OptimismL2 #CompoundV2Forks
Sonne Finance, a decentralized lending protocol, has been exploited, resulting in a loss of around $20 million. The attacker used a known "donation attack" on Compound v2 forks, one of which is Sonne Finance.
As a result, the protocol team suspended its operation on the Optimism L2 solution, while operations on Base continue as usual. In 2023, Compound experts described a vulnerability that allows attacking markets with low liquidity and non-zero collateral factor (CF) on the platform's second version.
#DecentralizedLending #Exploit #Liquidity #OptimismL2 #CompoundV2Forks
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An unknown individual released and withdrew 5 billion GALA tokens from the Web3 gaming platform Gala Games, worth around $210 million. According to Etherscan data, the attacker managed to sell 600 million GALA through the decentralized exchange Uniswap.
At the time of writing, the quotes have partially recovered, with a decline of just over 3% in the last 24 hours. Gala Games co-founder Eric Schiermeyer confirmed the exploit, stating that the team detected the smart contract compromise within 45 minutes and blocked unauthorized access. The remaining 4.4 billion GALA tokens held by the hacker have been blocked and burned.
#GalaGames #Web3 #GALA #Uniswap #Exploit
At the time of writing, the quotes have partially recovered, with a decline of just over 3% in the last 24 hours. Gala Games co-founder Eric Schiermeyer confirmed the exploit, stating that the team detected the smart contract compromise within 45 minutes and blocked unauthorized access. The remaining 4.4 billion GALA tokens held by the hacker have been blocked and burned.
#GalaGames #Web3 #GALA #Uniswap #Exploit
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