Bitcoin

DeFi Acropolis Protocol on “break” after hacking, resulting in theft of $ 2 million from DAI

Hackers have apparently accessed decentralized savings pools for financial protocols Acropolis, based in Gibraltar, Malicious actors managed to steal $ 2 million in stablecoins.

signature explained via Twitter on November 12th It had identified a hack that “was carried out by a series of smart contracts in the savings pools”. Acropolis said that The areas targeted by the hackers have already been checked twice. And only that included “The Curve Y and Curve sUSD savings pools.”

The Ethereum Blockchain Records show that hackers stole more than 2,030,850 Dai (DAI) after attacking these savings pools. They later moved these funds to a different address.

DeFi Acropolis Protocol on “break” after hacking, resulting in theft of $ 2 million from DAI
DeFi Acropolis Protocol on “break” after hacking, resulting in theft of $ 2 million from DAI

Akropolis has since posted a statement on its website explaining this “Most of the funds” are safe and that would put all stablecoin pools on hold. The company added that it is “investigating” ways to reimburse affected users.

The founder and CEO of Acropolis, Anastasia Andrianova has refuted claims that the attack was carried out in a manner similar to that of the Harvest Finance decentralized financial protocol, last october. In this attack The hackers were able to steal more than $ 24 million of the DeFi project funds and exchange them for renBTC (rBTC). Akropolis stated that the exploit used was “a combination of a re-entry attack and the creation of a dYdX flash loan.”

CertiK, the security company that reviewed Akropolis Smart Contracts, Apparently, he did not see the two methods of attack the hackers used to attack. The company also reviewed the bZx loan log, which has been attacked three times so far this year.

Data from cryptanalyst firm CipherTrace on Tuesday suggests DeFi protocol hacks in 2019 were “virtually negligible”. Now they make up 20% of the cryptocurrencies that have been lost to theft and hacking.

“The DeFi boom ultimately attracted criminal hackers, resulting in the most hacks for the industry this year.” the report says.

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