19 Apr dForce DeFi Protocol Hacked, $25M in Bitcoin (BTC) and Ethereum (ETH) Stolen
Today, the worldwide DeFi community witnessed probably its most devastating hack ever. The attack on the dForce protocol (aka Lendf.me) resulted in a $25M total loss.
Contents
- New Hack, Same Tools
- Too Many Red Flags
A few hours ago, the DeFi Prime explorer reported unusual activity on the dForce multi-purpose protocol. It soon became apparent that the protocol’s funds were drained 100%.
New Hack, Same Tools
According to DeFi Prime, decentralized ecosystem dForce, which offered a ‘stablecoin protocol, liquidity protocol, lending protocol’ lost all of its funds. The total amount exceeded approximately $25M in the USD.
Major DeFi explorers revealed the overall picture of this tragedy. As demonstrated by DeFi Pulse, hackers accessed the enormous sums of Bitcoin (BTC), Ethereum (ETH) and U.S. Dollar Tether (USDT).
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