Hope Lend DeFi Platform Loses 526 ETH in Hack
A frontrunner bribed the initial hacker and they both split the proceeds.
By: Camila Russo •DeFi News
Decentralized finance (DeFi) platform, Hope Lend, suffered an exploit leading to a loss of 526 ETH.
A second hacker managed to front-run the initial attacker by bribing them 263 ETH, Spreek said. They subsequently split the proceeds evenly.
Hope Lend's Total Value Locked dropped to $0 on Wednesday from just under $1 million before the hack, according to data on DeFi Llama.
No updates have been provided yet by the project on the situation.