DeFi protocols Exactly, Harbor hacked in separate attacks

Decentralized finance (DeFi) protocols Precisely and Harbor had been exploited on Aug. 18 in two separate — and apparently unrelated — assaults, in accordance with blockchain safety companies DeDotFi and PeckShield.

On-chain information reveals 4323.6 Ether (ETH), price almost $7.3 million on the time of writing, had been stolen from Precisely Protocol. The hackers then bridged 1490 ETH utilizing the Throughout Protocol, and a couple of,832.92 ETH to the Ethereum community through Optimism Bridge.

Replace: After a radical assessment of the Precisely Protocol Hack, we’ve got concluded that the whole of stolen quantity updated is ~$7.2M (4323.6 $ETH)

Finally, they bridged ~1490 $ETH, utilizing Throughout Protocol, and a couple of,832.92 $ETH to Ethereum through Optimism Bridge:… https://t.co/s61ai1OEMd

— De.Fi ️ Web3 Antivirus (@DeDotFiSecurity) August 18, 2023

Precisely is without doubt one of the crypto lenders on the Optimism community. Preliminary reviews talked about over 7160 ETH stolen, price almost $12 million, however had been later revised to replicate a smaller quantity lacking. The attacker focused the DebtManager periphery contract, in accordance with Precisely:

“The attacker handed in a malicious market contract deal with, bypassing the allow verify, and executed a malicious deposit perform to steal property deposited by customers. Roughly $7.3M had been stolen.”

The protocol filed a police report and is making an attempt to speak with the attackers to return the stolen property, its staff famous on X (previously Twitter). 

In one other safety incident, the interchain stablecoin protocol Harbor disclosed being the sufferer of an assault that led to the lack of funds sitting on its stable-mint, in addition to stOSMO, LUNA and WMATIC vaults. On the time of writing, the quantity of crypto property stolen stays unclear. Harbor is claimed to be engaged on tracing funds and estimating the whole losses.

The assaults observe quite a lot of safety incidents throughout the DeFi ecosystem over the previous few weeks. On July 30, a vulnerability on three variations of the Vyper programming language resulted in over $61 million stolen from secure swimming pools on Curve Finance. Different protocols compromised prior to now days embody Earn.Finance, with at least $287,000 price of ETH stolen, along with $2.1 million in losses incurred by Zunami Protocol on account of one other exploit.

Journal: DeFi Dad, Hall of Flame: Ethereum is ‘woefully undervalued’ but growing more powerful