A small defi protocol called Hope Lend was drained of nearly all its assets when attackers stole around 526 ETH (~$825,000). Hilariously, the project claims the hacker was frontrun by a watchful third party, who paid half of the stolen funds (~264 ETH, or around $414,000) to an ETH validator to allow them to frontrun the transaction. The original attacker who discovered the bug reportedly made no money at all.
The stolen assets represented the entire TVL of the project.
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“Ethereum DeFi protocol Hope Lend drained after exploit”
, CoinTelegraph
This content was sourced from Web3IsGoingGreat
