Ethereum Protocol for DeFi Hope Lend depleted following attack
In an unfortunate event on October 18, the Ethereum decentralized finance (DeFi) protocol, Hope Lend, witnessed a depletion of its resources, amounting to 526 Ether in total value locked. The severity of the situation unfolded as two individuals, one being a frontrunner who discovered the exploit and outpaced the original hacker, executed an attack . This resulted in the theft of 526 Ether, valued at $825,357 during the time of this statement, as reported by various blockchain security firms. CertiK revealed that the successful attack er managed to acquire 264 ETH and further paid a 263 ETH bribe to an Ethereum validator. This incident raised concerns about the security and integrity of the protocol. Meanwhile, Hope.money, the developer of the DeFi protocol, presented a contrasting narrative. According to their account in a dedicated communication thread, they asserted that a lone hacker absconded with 526 ETH, which belonged to users. Allegedly, the hacker paid 263.91 ETH