DeFi protocol Sentiment hacked for over $500K
News – CoinCodeCap (RSS)Key takeaways:
Sentiment, an uncollateralized loan protocol, has been hacked on for more than $500,000 in cryptocurrency.
The assault on the DeFi lending platform has been classified as a reentry attack.
The attacker appears to have stolen the tokens using a re-entry vulnerability and then transferred them to the Ethereum network.
A malicious exploit affected Sentiment, a decentralised finance (DeFi) tool that provides lending and borrowing services on the Arbitrum layer-2 network, causing a loss of almost $1 million.
The team suspended the Sentiment main contract a... ...
