DeFi credit institution, which calls itself the ‘most secure’, lost $ 6 million in the hack attack.
With the previous news, we have reserved a place for the increase of malicious people with the development of the DeFi industry and a topic related to security. There is no doubt that hackers are constantly looking for opportunities to attack. Another bad news for DeFi projects.
$6 Million Attack on LendHub
DeFi lender LendHub reported Friday that it lost $6 million in crypto assets in an attack.
LendHub stated that the attack took place on January 12. The DeFi lender added that it has contacted blockchain security firms and crypto exchanges to help track down stolen crypto.
Dear Lendhub user
On January 12, hackers stole about 6 million US dollars of assets from Lendhub. The Lendhub team has contacted the SlowMist security team and several mainstream exchanges to track the incident.
— LendHub (@LendHubDefi) January 13, 2023
The hacker has reportedly started moving some of the funds through the approved crypto mixer Tornado Cash. According to Wu Blockchain, the attacker has diverted 1,100 ETH (about $1.5 million) so far.
LendHub advertises itself as the “most secure decentralized lending platform” for cross-chain lending. It is built on the Heco blockchain developed by Huobi. LendHub stated that it will conduct a full investigation into the incident.