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The Prisma Finance protocol, a DeFi platform, was exploited for nearly $12 million, leading to emergency measures being activated. The team is investigating the incident, and the $PRISMA price has decreased by ~20% in 24 hours. The exploit involved a vulnerability in the MigrateTroveZap contract. The attacker transferred funds to Tornado Cash. The team is working on recovering users' funds and has published a post-mortem report on the event.
We've managed to recover @pendle_fi and the account is back in our control No funds are/were at risk and the Pendle protocol is secure. Post mortem 👇🏻
The self-proclaimed white hat hacker asked the Prisma Finance team to hold an online press conference where all team members would demonstrate KYC and apologize. However, data shows that he used Tornado Cash to mix more than 3k ETH, which is more like a hacker attack.…
.@pendle_fi has lost access to its Twitter/X account. https://t.co/WB88iUJ11Y https://t.co/9twMUzEXwg