Aave hacked via periphery contract — $56K stolen from ‘tip jar’
A ‘periphery’ contract of the decentralized finance (DeFi) sector’s biggest lending platform, Aave, was hacked for a total of $56,000 earlier today. Aave, which contains assets worth over $11 billion according to data from DeFiLlama, has made clear that the attack, which began, around 04:30 UTC placed no user funds at risk. Founder Stani Kulechov and governance delegate Marc Zeller both took to X (formerly Twitter) to reassure users. A periphery contract of @AAVE is hacked due to an arbitrary call/logic error. Most user funds are SAFU pic.twitter.com/WXa0w64n0c — Chaofan Shou (@shoucccc) August 28, 2024 Read more: Compound DAO asleep at the wheel as $25M governance ‘attack’ passes Fuzzland’s Chaofan Shou identified the cause of the hack, pointing to transactions on four networks: Ethereum, Aribtrum, Polygon, and Optimism. He estimated the total funds at risk to be around $70,000 . According to Analysis by security firm QuillAudits, the losses to attacks on the above net...