ForceDAO, a DeFi hedge fund, was targeted in a hack that resulted in the liquidation of 183 ETH worth of FORCE token.
In a post-mortem, the ForceDAO team explained that five hackers exploited a bug in their code which allowed them to deposit FORCE tokens and receive xFORCE tokens in exchange. One of the hackers returned the funds, while the others have already exchanged some of the tokens for ETH.
The “contract exploit” targeted Force’s xSUSHI contract fork and its xFORCE vault. ForceDAO plans to utilize a snapshot and issue a new token in an effort to make affected FORCE holders and LPs whole. At time of writing, FORCE token price is down over 90% from its Sunday high.