The attack was carried out using a malicious token on a smart contract

​Hackers withdrew more than $30 million from Grim Finance’s platform

20.12.2021 - 11:45

167

1 min

What’s new? The team of the DeFi-platform Grim Finance has published a tweet giving details of the hacking attack. In total, the attackers managed to steal more than $30 million.

“It is with heavy hearts that we inform you that our platform was exploited today by an external attacker roughly 6 hours ago. We have identified the attacker’s address and recorded $30 million in damage.”

How was the attack carried out? According to the Grim Finance representatives, the criminals gained access to the platform using the malicious token in the platform's smart contract. To block further threats, the team blocked new deposits and urged all users to withdraw funds as soon as possible.

Author:

Michael Golikov Michael Golikov

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