Largest Exit Scam on Arbitrum: Hope Finance Drained for $2M

that the hacker transferred around 1,095 ETH, worth more than $1.86 million, through coin mixing protocols.by Cognitos. Despite flagging minor vulnerabilities, the platform concluded that Hope Finance’s smart contract code had “passed the audit successfully” and “there were no warnings raised.”by the scammer at address “0xf188.” The SwapHelper was then updated to use this fake router in the address “0xc9ee” and was approved by all three owners of the DeFi protocol’s multisig “0x8ebd.

Hope Finance is yet to release a post-mortem report of the scam. The platform, however, shared steps for users to withdraw staked liquidity from the protocol.

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Hope Finance exploit results in $2M stolen from users’ fundsA smart contract exploit sees $2 million stolen from Arbitrum-based algorithmic stablecoin project Hope Finance. Thats the “story”. lol Who knows what 2 believe in the dark shadows of tokenomics? Buyin $BTC is a sure and safe bet tho 👍🏼 OasisProtocol OasisNetwork_ES $ROSE Dimplesukere It won't continue forever, so act quickly and get in on this strategy that has already paid me five ether and counting.
Source: Cointelegraph - 🏆 562. / 51 Read more »