Decentralized lending protocol Prisma Finance has suffered a major exploit with losses above $11 million sparking concerns for the wider crypto community.
Blockchain security firm PeckShield flagged suspicious on-chain activity on March 28 with initial losses of $8.1 million. Following investigations, the total assets drained hit $11.6 million about 3,257 ETH.
Similarly, blockchain alert firm Cyvers reported similar activities on the network with claims of detecting a malicious contract before the hacking incident.
Prisma Finance Swings To Action
The team behind the projects acknowledged the incident in an X (formerly Twitter) post adding that core engineers will pause the project and investigate further ensuring users of feedback. In addition to this, the platform urged all users to beware of scam attackers using phishing links to make more gains.
We are aware of a possible exploit on Prisma.
Core engineering contributors will pause the protocol and investigate.
We’ll share a
We współpracy z: https://coingape.com/prisma-finance-suffers-exploit-drained-11-million/
