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Alpha Homora loses $37 million following Iron Bank exploit

CryptocurrencyFeb 13, 2021 11:40AM ET
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Alpha Homora loses $37 million following Iron Bank exploit

In one of the largest exploits of the DeFi era, this morning an attacker successfully drained over $37 million from Alpha Homora by leveraging Cream’s Iron Bank protocol-to-protocol lending platform.

Alpha Finance Lab, whose protocol was audited by Quantstamp and Peckshield, announced on Twitter this morning that they were aware of an attack, that the “loophole” that allowed it had been patched, and that the team had a “prime suspect”:

Protocol Bailout?

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Alpha Homora loses $37 million following Iron Bank exploit
 

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