ethereum decentralized finance (DeFi) protocol Hope Lend has almost zero assets left in its protocol after a devastating attack.
According to several blockchain security companies, on October 18, two people, one favorite who defeated the original hacker after discovering the exploit, and the original hacker itself, stole a total of 526 Ether (eth) from Hope Lend worth $825,357 at the time of publication. “The successful attacker earned 264 eth and paid a bribe of 263 eth to an eth validator,” CertiK wrote.
Hope.money, the developer of the DeFi protocol, presented a different version of the story. In their Hope.money staff said:
“It is crucial to emphasize that all protocols implemented on http://Hope.money are independent and will not affect the other products and protocols currently available on the platform, including HopeCard, HopeSwap and $HOPE. “We are committed to ensuring the rights of affected users are protected and the corresponding funds remain safe.”
Two days earlier, DeFi aggregator DeFiLlama announced that it would begin tracking Hope Lend smart contracts for data curation. At the time of publication, Hope Lend had no notable assets. left within the protocol. While the developers did not indicate a reason for the incident, on-chain detective Spreek stated that the hack “appears to be related to WBTC (Wrapped bitcoin) decimals and rounding, similar to the Wise Lending hack recently.”
On October 18, 2023, at 11:48:59 am +UTC, the HopeLend protocol fell victim to a hacker attack. It is important to note that the hacker did not benefit from this attack.
The attack resulted in a loss of approximately 528 eth, of which 263.91 eth was bribed by the favorite…
— Esperanza.dinero (@Hope_money_) October 18, 2023
Magazine: Elon Musk Streams, Amazon Partners with Immutable, MetalCore Preview
