{"id":18046,"date":"2023-04-16T19:14:01","date_gmt":"2023-04-16T19:14:01","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/hundred-finance-loses-7-million-in-optimism-hack\/"},"modified":"2023-04-16T19:14:03","modified_gmt":"2023-04-16T19:14:03","slug":"hundred-finance-loses-7-million-in-optimism-hack","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/hundred-finance-loses-7-million-in-optimism-hack\/","title":{"rendered":"Hundred Finance loses $7 million in Optimism hack"},"content":{"rendered":"
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Multichain lending protocol Hundred Finance has experienced a significant security breach on the Ethereum layer-2 blockchain Optimism. According to the protocol on Twitter, the losses sit at $7.4 million.<\/p>\n
Hundred Finance announced<\/a> the exploit on April 15, saying it had contacted the hacker and was working with various security teams on the incident. Although the protocol didn’t reveal how the attack was executed, blockchain security firm Certik noted that it was a flash loan attack:<\/p>\n #CertiKSkynetAlert<\/a> @HundredFinance<\/a>\u2019s attacker manipulated the exchange rate between ERC-20 tokens and htokens which allowed them to withdraw more tokens than they had originally deposited. The estimated losses of this attack is around $7.4 million. <\/p>\n Stay vigilant! https:\/\/t.co\/1hxAnFoNjj<\/p>\n\n