ChainCatcher report, 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 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 reportedly stolen. The attacker later converted the funds into about 689.2 ETH and transferred them to Tornado Cash. The project team is working on a protocol update to address the issue. The cause and final loss amount are still under investigation. This incident has brought ETH-related news to the forefront as the community monitors for further developments.
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