Exactly Protocol on Optimism Layer 2 Network Falls Victim to $7.3 Million Security Attack

Exactly Protocol on Optimism Layer 2 Network Falls Victim to $7.3 Million Security Attack

Crypto News – Exactly Protocol, a prominent Decentralized Finance (DeFi) venture offering interest rate markets on the Optimism Layer 2 network, has fallen prey to a recent security breach. This exploit, detected by reputable security firms such as BlockSec and Beosin, has inflicted substantial damages, estimated to exceed 4300 ether – equivalent to approximately $7.3 million in monetary value.

The assailant effectively capitalized on a vulnerability within Exactly Protocol’s intelligent contracts, culminating in profound financial ramifications. Intricacies of the breach are yet to be disclosed for public scrutiny.

At the time of the security intrusion, Exactly boasted a substantial sum of over $36 million locked in Total Value Locked (TVL), as corroborated by data furnished by DeFi Llama. Regrettably, this figure has precipitously plummeted to under $26 million, attesting to the adverse impact of the security incident.