Tender Finance, a DeFi lending and borrowing platform ceased all borrowing moments ago due to an “unusual amount of borrows,” suggesting a possible hack into the protocol. Tenderfi reportedly lost control of about $1.58 million from the exploit from an alleged white hat hacker.
Abnormal amount of borrowing detected at Tenderfi
Tenderfi has communicated to its users through Twitter about a possible hacking attack that occurred moments ago. In the tweet, the DeFi lender protocol explained that they observed an unusual amount of borrowings prompting them to pause borrowing.
According to CertiK, a hacker with the wallet address EOA,0x896D gained $1.58 million from the exploit.
Source: https://crypto.news/tenderfi-pauses-borrowing-due-to-a-possible-1-58m-exploit/