reportAn attacker hacked the Olympus Smart Contract DAO organization, the platform lost 30,437 OHM Tokens, or $300,000 worth of funds, caused by the platform’s inability to verify the hacker’s withdrawal requests.
The Olympus team realized that the platform was hacked and it came out.announce“This morning an unsuspecting person attacked the platform. The hacker was able to withdraw approximately 30,000 OHM (approximately $300,000 worth of coins).
The team said the funds staked on the platform were unaffected and remain secure, and Olympus said it would treat users affected by the hack. too
Olympus DAO is a DeFi platform with OHM token reserves. It offers crypto-currency bonds held in OHM tokens. The DAO offers OHM tokens at a discount to cryptocurrency traders.
This is the process of maintaining DAO reserves, and Olympus services use smart contracts to offer cryptocurrency bonds to investors. One of these smart contracts is the target of hackers.
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