Lodestar Finance, an Arbitrum-based lending platform, was attacked, stealing about $6.5 million.
Protocol was exploited and deposits have been drained. We have set all interest rates to 0 so that supply and borrow balances are not moving while we weigh recovery options. What we know right now:
— Lodestar Finance (,
) (@LodestarFinance) December 10, 2022
“The protocol was compromised and the deposit was withdrawn,” the project’s Twitter account.sayOn Dec. 10 at 4:14 p.m. ET
The attackers have successfully manipulated the exchange rate of the plvGLP token to 1.83 GLP to plvGLP, making it 83% more than it should have been used as collateral. And pull out all available liquidity in Lodestar Finance.
According to the platform, 2.8 million GLP – valued at $2.4 million – has been recovered. It is also trying to negotiate with the attackers.
see if we can negotiate a bug bounty to recover more funds.
7. If you are the hacker, we will be reaching out to you on Debank at these 3 addresses:
0xdef9c01995860ea746cbe70076988ab124517a0a
0x3da5e8a9c6eabd989f0bbe0aafc5da47784f6fa9
0x0a62f4136db3d1a98e6874fce190cae96edec818— Lodestar Finance (
,
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