Hundred Finance Warns Compound V2 Users After Hack
The veHND model is used by the finance (DeFi) multi-chain lending protocol. Hundred Finance said that it had been compromised on the Ethereum layer-2 blockchain Optimistic. The protocol, which combines with Chainlink oracles to maintain market health and stability, reported on Saturday, April 15, through their official Twitter account that they had been hacked, with estimated damages at $7 million.
The protocol team said that it was compiling a post-mortem on how the incident occurred and encouraging people not to speculate until it issued an official statement. Furthermore, Hundred Finance said that it is attempting to negotiate a stolen funds agreement with the hacker with the aim of retrieving part or all of the stolen monies. In a subsequent Twitter, the protocol said it was also discussing the situation with several security teams. On Sunday, the protocol requested anyone affected by the hack who lives in the United States, notably New York, to contact Hundred Finance through Twitter or the chat app Discord. In addition, users of Compound V2 also need to pay attention because this is a common vulnerability.
Source
https://t.me/Crypto_Futures_Trading
