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Hackers hacked Grim Finance’s DeFi platform and stole $ 30 million

by Vaibhav
December 20, 2021
in News
0
Hackers withdrew more than $ 150 million from the hot wallets of the BitMart bitcoin exchange
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The team of the decentralized finance platform Grim Finance reported a hacker attack, as a result of which the attackers stole $ 30 million.

Hello Grim Community,

It is with heavy hearts that we inform you that our platform was exploited today by an external attacker roughly 6 hours ago. The attackers address has been identified with over 30 million dollars worth of theft here https://t.co/qA3iBTSepb

– Grim Finance (@financegrim) December 19, 2021

Hackers gained access to the Grim Finance wallet using a malicious token in the contract using a re-entry exploit. According to the project report, all wallets have been compromised and assets are currently at risk.

See also  Pantera Capital: in 10-20 years, up to half of transactions will be on Ethereum

The developers have suspended accepting deposits and urged users to immediately withdraw funds from the platform.

The Grim Finance team also contacted Circle, DAI and AnySwap and provided the attacker’s address to block further illegal fund transfers.

Recall that last week, attackers compromised 148 wallets of users of the Vulcan Forged NFT marketplace and stole $ 100 million worth of tokens.

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