This DeFi Protocol Just Got Hacked for $6.9 Million – Here’s What Happened

By CryptoNews - 1 year ago - Reading Time: 1 minutes

This DeFi Protocol Just Got Hacked for $6.9 Million – Here’s What Happened

Lodestar Finance, a DeFi protocol built on Ethereum’s Arbitrum network, lost $6.9m in an exploit over the weekend where an attacker was able to manipulate a price oracle.
In a statement published on Sunday, the team behind Lodestar admitted that the hack has created “a bad situation” and that “options are limited.”...
Read More: This DeFi Protocol Just Got Hacked for $6.9 Million – Here’s What Happened

Original source: CryptoNews