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

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

20.12.2021 - 11:45

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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.

Hello Grim Community,It is with heavy hearts that we inform you that our platform was exploited today by an external attacker roughly 6 hours ago. The attackers address has been identified with over 30 million dollars worth of theft here https://t.co/qA3iBTSepb— Grim Finance (@financegrim) December 19, 2021

“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.

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