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dForce wstETH/ETH Curve Gauge Vaults On Arbitrum, Optimism Hacked

Published 02/10/2023, 07:43 AM
Updated 02/10/2023, 08:00 AM
© Reuters dForce wstETH/ETH Curve Gauge Vaults On Arbitrum, Optimism Hacked

  • DeFi protocol dForce announced that its vaults on Arbitrum and Optimism vaults were hacked.
  • dForce immediately paused the vaults, declaring that the rest of the protocol and funds remains safe.
  • Reportedly, the hacker liquidated around $3.6 million worth of ETH.

Integrated DeFi protocol platform dForce posted on its official Twitter account that wstETH/ETH Curve gauge vaults on Arbitrum & Optimism were exploited a few hours ago. The account simultaneously shared that it immediately paused the dForce vaults.

The tweet also mentioned that parts of the protocol remain intact and user funds are secure with dForce Lending. dForce added: We will come back with a detailed report and remedies soon.

Smart contract audit platform BlockSec also tweeted updates regarding the same. It announced that the root cause of the attack was the “well-known read…

The post dForce wstETH/ETH Curve Gauge Vaults On Arbitrum, Optimism Hacked appeared first on Coin Edition.

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