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dForce wstETH/ETH Curve Gauge Vaults On Arbitrum, Optimism Hacked

Integrated DeFi protocol platform dForce posted on its official Twitter account that wstETH/ETH Curve gauge vaults on Arbitrum & Optimism were exploited a few hours ago. The account simultaneously shared that it immediately paused the dForce vaults.

The tweet also mentioned that parts of the protocol remain intact and user funds are secure with dForce Lending. dForce added: We will come back with a detailed report and remedies soon.

Smart contract audit platform BlockSec also tweeted updates regarding the same. It announced that the root cause of the attack was the “well-known read…

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Source: Cryptocurrency - investing.com

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