Sturdy Finance lost about $770,000 as a result of hacking
On June 12, PeckShield analysts reported suspicious activity in the Sturdy Finance landing protocol pool. The administration later confirmed the hack. The hacker has already withdrawn 442.6 ETH ($769 thousand) through the Tornado Cash mixer.
Apparently the hacker exploited a “re-entry vulnerability.” Then he manipulated the price oracle, after which he began to “pump out” funds.
On June 12, PeckShield analysts reported suspicious activity in the Sturdy Finance landing protocol pool. The administration later confirmed the hack. The hacker has already withdrawn 442.6 ETH ($769 thousand) through the Tornado Cash mixer.
Apparently the hacker exploited a “re-entry vulnerability.” Then he manipulated the price oracle, after which he began to “pump out” funds.