Prisma Finance appears to have been hacked for $9 million in ongoing exploit

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The Block2024/03/28 12:28

By:The Block

Quick Take Liquid staking protocol Prisma Finance appears to have been exploited for $9 million, according to on-chain data from blockchain security experts. The stolen funds include Prisma mkUSD and wrapped stETH.

Prisma Finance appears to have been hacked for $9 million in ongoing exploit image 0

Liquid staking protocol Prisma Finance appears to have been hacked in an ongoing exploit.

Web3 security platform Cyvers first detected the suspicious transactions, estimating a total loss of around $9 million so far, claiming the attacker funded via the crypto exchange FixedFloat.

Blockchain security firm PeckShield also confirmed the attack, suggesting Prisma mkUSD and wrapped stETH are among the stolen assets.

“We are aware of a possible exploit on Prisma,” Prisma Finance responded on X. “Core engineering contributors will pause the protocol and investigate. We'll share an update and a post-mortem.”

The project also recommended that vault owners should disable delegate approval.

Prisma Finance did not immediately return a request for comment from The Block.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Share link:In this post: The DeSci platform Pump Science has warned its users not to trust any tokens launched using its Pump.fun profile. Pump Science said it would never launch its tokens on Pump.fun. While Pump Science holds BuilderZ partially responsible for the security breach, it does not think BuilderZ was the attacker.

Cryptopolitan•2024/11/28 12:33