{"id":178361,"date":"2023-10-21T06:23:52","date_gmt":"2023-10-21T00:53:52","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=178361"},"modified":"2023-10-21T06:23:52","modified_gmt":"2023-10-21T00:53:52","slug":"hope-lend-defi-platform-loses-526-eth-in-hack-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/hope-lend-defi-platform-loses-526-eth-in-hack-crypto-news\/","title":{"rendered":"Hope Lend DeFi Platform Loses 526 ETH in Hack &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>A frontrunner bribed the initial hacker and they both split the proceeds.<\/p>\n<div>\n<p>Decentralized finance (DeFi) platform, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/hope.money\/\">Hope Lend<\/a>, suffered an exploit leading to a loss of 526 ETH. <\/p>\n<p>Crypto analyst Spreek <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/spreekaway\/status\/1714623558549188856\">identified<\/a> the breach and said it may be &#8220;related to WBTC decimals and rounding,&#8221; they wrote on X. Blockchain security firm SlowMist <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SlowMist_Team\/status\/1714655324395704423?s=20\">confirmed<\/a> the attack.<\/p>\n<p>A second hacker managed to front-run the initial attacker by bribing them 263 ETH, Spreek said. They subsequently split the proceeds evenly.<\/p>\n<p>Hope Lend&#8217;s Total Value Locked dropped to $0 on Wednesday from just under $1 million before the hack, according to data on DeFi Llama.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/metamask.io\/portfolio\/?utm_source=defiant&amp;utm_medium=display&amp;utm_campaign=MM_pDapp_Defiant_ROS&amp;utm_content=MM_pDapp_Defiant_728x90_Stake\" class=\"h-[58px] noprose mx-auto mb-8 mt-6 block w-[320px] overflow-hidden lg:hidden\"><\/a><\/p>\n<p>No updates have been provided yet by the project on the situation.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A frontrunner bribed the initial hacker and they both split the proceeds. Decentralized finance (DeFi) platform, Hope Lend, suffered an exploit leading to a loss of 526 ETH. Crypto analyst Spreek identified the breach and said it may be &#8220;related to WBTC decimals and rounding,&#8221; they wrote on X. Blockchain security firm SlowMist confirmed the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":178362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-178361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=178361"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178361\/revisions"}],"predecessor-version":[{"id":178372,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178361\/revisions\/178372"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/178362"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=178361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=178361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=178361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}