Tuesday, November 5, 2024

Prisma Finance Suffers $12 Million Exploit

The LRT-backed stablecoin protocol has been paused because the group investigates.

Prisma Finance, a DeFi protocol that points stablecoins backed by Ethereum liquid staking and restaking tokens (LRTs), has been exploited for practically $12 million.

First flagged by blockchain safety agency Cyvers, attackers managed to make off with 3,258 ETH earlier than the protocol was paused by the group. Prisma customers are suggested to revoke approvals for the affected sensible contracts.

prisma tweet screenshot

The stolen property have since been redistributed to a few Ethereum addresses, in accordance with an evaluation from safety agency Peckshield.