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How these two DeFi protocols fell prey to $11 million ‘reentrancy attack’
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On 15 March, an attacker siphoned over $11 million from two DeFi platforms, Agave and Hundred Finance. It appeared to be a flash loan ‘reentrancy attack’ on both protocols on the Gnosis chain as per investigation. Likewise, the platforms halted their contracts to forestall further damage.
Solidity developer and creator of an NFT liquidity protocol app, Shegen chose to highlight the hack in a series of tweets on 16 March. Surprisingly, this analysis came after the aforementioned entity lost $225,000 in the same exploit.
<p lang=«en» dir=«ltr» xml:lang=«en»>Theres already been a few good threads already (and some bad ones that spoke too soon) on the @Agave_lending and @HundredFinance hacks today.Here’s my analysis & reflection, after just having lost over $225k from the exploit, and explored what happened
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