According to ChainCatcher, the official website of the cross-chain lending protocol Pike Finance posted on social media that the USDC mining pool on the Pike Beta test version was hacked at 8:13 Beijing time on April 26, and 299,127 USDC were stolen. The root cause of this incident was that the forged CCTP message caused the USDC on the Ethereum, Arbitrum and Optimism chains to be exhausted, while the USDC and other assets on the Base chain were not affected.
The team has temporarily suspended protocol functionality and is working with two audit partners to resolve the vulnerability and come up with a plan to ensure all affected users are restored soon.
