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DeFi protocols Exactly, Harbor hacked in separate attacks

Press Releases Crypto News Cointelegraph DeFi protocols Exactly, Harbor hacked in separate attacks

Decentralized finance (DeFi) protocols Exactly and Harbor were exploited on Aug. 18 in two separate — and apparently unrelated — attacks, according to blockchain security firms DeDotFi and PeckShield.

On-chain data reveals 4323.6 Ether (ETH), worth nearly $7.3 million at the time of writing, had been stolen from Exactly Protocol. The hackers then bridged 1490 ETH using the Across Protocol, and 2,832.92 ETH to the Ethereum network via Optimism Bridge.

Update: After a thorough review of the Exactly Protocol Hack, we have concluded that the total of stolen amount up to date is ~$7.2M (4323.6 $ETH)

Eventually, they bridged ~1490 $ETH, using Across Protocol, and 2,832.92 $ETH to Ethereum via Optimism Bridge:… https://t.co/s61ai1OEMd

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

Exactly is one of the crypto lenders on the Optimism network. Initial reports mentioned over 7160 ETH stolen, worth nearly $12 million, but were later revised to reflect a smaller amount missing. The attacker targeted the DebtManager periphery contract, according to Exactly:

“The attacker passed in a malicious market contract address, bypassing the permit check, and executed a malicious deposit function to steal assets deposited by users. Approximately $7.3M were stolen.”

The protocol filed a police report and is trying to communicate with the attackers to return the stolen assets, its team noted on X (formerly Twitter).

In another security incident, the interchain stablecoin protocol Harbor disclosed being the victim of an attack that led to the loss of funds sitting on its stable-mint, as well as stOSMO, LUNA and WMATIC vaults. At the time of writing, the amount of crypto assets stolen remains unclear. Harbor is said to be working on tracing funds and estimating the total lo

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Author: Ana Paula Pereira

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