DeFi: Over a million dollars stolen from Inverse Finance

What has been stolen

According to blockchain statistics, the intrusion occurred just after 11:00 a.m. GMT. The missing monies were in the form of ETH, WBTC, and DAI. According to further blockchain data, part of the stolen ETH was routed to Tornado Cash, a major transaction mixer on the Ethereum network.

The second round?

However, it is not the first hacker attack on Inverse Finance. Previously, in April 2022, Inverse Finance’s lending protocol was hacked, with an attacker stealing $1.2 million in cryptocurrency. According to PeckShield, the project’s losses might reach that amount.

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BIT4YOU.io

BIT4YOU.io

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bit4you is an european crypto exchange platform. We are facilitating the transition between crypto currencies and traditional currencies such as euro.