Crypto Hackers Steal $7 Million From Hundred Finance
Take action: Any company can be hacked and will be hacked. Evaluate whether the company addresses the problem after being hacked. A repeat offense is an indicator to walk away from using that company.
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On April 15, 2023, a leading decentralized finance company named Hundred Finance experienced a data security breach, resulting in a loss of over $7 million. This incident occurred in the company's Optimism layer-2 scaling solution, which was targeted by an unidentified group of hackers. Notably, this is not the first time Hundred Finance has faced such an issue, as they previously lost over $6 million in a hack back in March 2022.
Hundred Finance took to Twitter to inform its followers about the security breach and the financial loss. They expressed the hope that the attacker would cooperate in finding a solution to recover the losses and address the underlying vulnerability that led to the attack. The company is currently preparing a post-mortem to provide more details to its community.
On April 16, 2023, Hundred Finance provided an update to its community, urging them not to speculate on the execution method used by the attackers. The team is actively working on investigating the incident and analyzing the attack, and they plan to share a detailed report with their community in the near future.
