Hackers Stole $ 25 Million Crypto Assets From DeFi Harvest Finance Protocol

Hackers attacked the protocol of the decentralized finance of Harvest Finance and were able to bring crypto assets to $25 million. After the attack, the Farm Token course collapsed at 65% In just an hour.

About that, that from the liquidity bullets Harvest Finance began to withdraw the assets output
Twitter user under pseudonym devops199fan. He reported, that they were exchanged for Renbtc tokens, At the same time, part of the stolen went through the Tornado Cash mixing service.

“We are actively working on the problem and try to block the economic attack on the pools of stablcoins and BTC. Like other arbitration attacks, This one began with a large instant loan. The funds were used by attackers to manipulate the price of Fusdt and Fusdc assets, Then the profit was attached to Renbtc and bred. As in other similar cases, We did not have time to react to the attack - it took all the manipulations of the hackers 7 minutes ", - Representatives of Harvest Finance on Twitter reported.

After the attack was discovered, the project blocked deposits in the BTC pools and stablecoins, and also withdrew all the remaining funds from these liquidity bullets in the storage.

It also became known, that the attackers sent $ 2,478,000 to the developers in the form of USDT and USDC tokens. Harvest Finance management plans to use them to compensate the injured users.

Interesting, that the volume of trade on Uniswap and Curve has increased markedly - it seems, that hackers are trying to wash the crypto assets received as a result of an attack.

On 22 October, the volume of blocked funds in the Harvest Finance protocol reached
$700 million.