The specifics of the exploit have not been disclosed by the DeFi project.
by De.Fi, a Web3 antivirus platform, revealed that more than 7,160 ETH, worth nearly $12.04 million, has been drained from the protocol.
The security firm also explained that the exploitation strategy appears to involve funding an exploiter contract on Ethereum, transferring deposits to the layer-2 blockchain, Optimism, before ultimately bridging stolen funds back to Ethereum. Exactly Protocol has not yet confirmed the attack but said it is investigating a security issue, as a result of which the platform has been halted temporarily. Users can still withdraw their assets. Its official“We’re actively investigating a security issue within our protocol. To ensure user safety, the protocol is temporarily paused . Our team is on top of this and will share more details asap.”by DeFiLlama, the total value locked in Exactly Protocol nosedived from $37 million to $11.
in collaboration with centralized crypto exchanges as well as private blockchain investigators, while seizure warrants have been issued by law enforcement agencies.more than $2 million in losses via price manipulation made possible by donating to the protocol.
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