‘Unlucky’: Agave and Hundred Finance DeFi protocols exploited for $11M

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“It’s like you can't even trust 'safe' code,” said developer Shegen, who lost $225K in the exploit of Agave and Hundred Finance. In total, the attacker made off with around $11M.

that allowed the attacker to continue borrowing crypto before the apps could calculate the debt, which would prevent further borrowing.

Shegen told Cointelegraph that while the smart contract on Agave is essentially the same as Aave, which secures $18.4B, “every security researcher has audited it,” she said “so it’s reasonable to assume the contract is safe.” “Curve, for example, was not hacked today, because it has extra re-entrancy guards, but I don't really blame Luigy and the Agave team because it's so unlikely that this would have happened, and slipped past many people.”

 

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