Hundred Finance hacked on Optimism, suffers $7 million loss

Hundred Finance hacked on Optimism, suffers $7 million loss

Apr. 15, 2023

By News Desk

Multi-chain lending protocol targeted in latest DeFi exploit.

Hundred Finance, a decentralized finance (DeFi) multi-chain lending protocol utilizing the veHND model, has experienced a significant security breach on the Optimism layer-2 scaling solution.

The protocol, which integrates with Chainlink oracles to ensure market health and stability, announced via their official Twitter account on Saturday, April 15, that they had been hacked with losses estimated at USD 7 million.Hundred Finance also noted via Twitter that it had sent messages to the hackers and is in talks with different security teams to better understand the incident.

Hundred Finance also noted via Twitter that it had sent messages to the hackers and is in talks with different security teams to better understand the incident.