Prisma Finance Faces $11M Loss in Sophisticated DeFi Hack
Thursday, 28 March 2024, 12:35
Prisma Finance Hacked: $11M Gone in DeFi Breach
Prisma Finance, a prominent DeFi protocol, fell victim to a sophisticated hack resulting in a staggering $11 million loss. The breach led to an immediate cessation of all protocol operations to conduct a thorough investigation.
DeFi's Prisma Finance Hacked
Security experts at Cyvers revealed that the attackers executed multiple transactions, stealing 1,965.39 wrapped staked Ethereum. The assets were later converted to Ethereum, indicating a strategic and targeted assault on the platform's weaknesses.
- This incident highlights the pressing security concerns in DeFi and the necessity for proactive measures.
- Prisma Finance's operational pause reflects the severity of the breach and the urgency for comprehensive evaluation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.