Author Topic: Devastating Hack Exploits Hope Lend DeFi Protocol Assets  (Read 2797 times)

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Devastating Hack Exploits Hope Lend DeFi Protocol Assets
« on: October 20, 2023, 11:24:12 AM »

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[size=2rem][/size]Hope Lend Suffered a Devastating Hack on October 18[/size][size=2rem][/color][/size]An Ethereum DeFi protocol, Hope Lend, suffered a devastating hack on Oct. 18, with two individuals stealing 526 Ether worth $825,357. The two hackers bribed ETH validator, where one hacker discovered the exploit and the other hacker executed it. The developer, Hope.money, disagreed with this, stating a single hacker made off with user funds, alleging involvement by a validator managed by Lido Finance. Other platform products remained unaffected while Hope Lend’s assets got depleted. The hack is speculated to be related to WBTC decimal issues. DefiLlama, aggregator of DeFi, had just started tracking Hope Lend's smart contracts.[/font][/size]

 

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