Huo Xing Cai Jing reports that on September 4, according to PeckShield’s monitoring by Specter, the escrow contract of the fixed-rate lending protocol Notional Finance appears to have been compromised, resulting in approximately $1.7 million in DAI and USDC losses. The attacker subsequently exchanged the stolen funds for approximately 689.2 ETH and further transferred the funds to Tornado Cash. The exact cause of the attack and the final loss amount are still pending confirmation from the project team.
Notional Finance suspected of being attacked; approximately $1.7 million in DAI and USDC stolen
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Summary
Notional Finance's escrow contract is suspected of being compromised, with approximately $1.7 million in DAI and USDC stolen. The attacker later converted the funds into about 689.2 ETH and transferred them to Tornado Cash. The project team is still investigating the cause and final extent of the loss, with a protocol update expected soon. ETH-related news continues to draw attention as the incident unfolds.
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