The decentralized borrowing protocol said there were still 14 accounts that have yet to revoke the affected smart contract that caused $11.6 million to be exploited last week.
The protocol suffered a multimillion-dollar exploit last week, which was later revealed to be the result of two MigrateTroveZap contracts, which were designed to migrate user positions from one trove manager to another,However, Frank noted that there were still 14 remaining accounts that had yet to revoke the affected smart contract, five of which were still “at risk” with open trove positions totaling over $500,000.
The largest “at risk" address contains $484,380, while the other four carry between $7,120 and $22,080.Frank explained that part of its “path forward” was to “conserve additional reserves” while Prisma attempted to recover the stolen funds.Prisma also stressed that the exploited contract was isolated from the core protocol and that it plans to restart it once the remaining user funds are safe.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prisma Finance exploited in $10 million breachPrisma finance engineers have already halted the protocol to investigate the attack.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »
Prisma Finance $11.6M hacker claims it was a ‘whitehat rescue’The hacker behind Prisma Finance’s $11 million exploit claims it was done as part of a “whitehat rescue” and is supposedly now looking to return the funds.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »