Hack Alert - Prisma Finance Exploited For ~$11.5 Million
Quick Summary
The decentralized finance (DeFi) protocol Prisma Finance suffered a breach, resulting in approximately ~$11.5 million worth of cryptocurrencies being exploited on March 28 2024.
Cyvers detected multiple suspicious transactions involving Prisma Finance, noting the attack was initially funded by FixedFloat.
Following the breach, Prisma Finance halted its protocol to conduct an investigation.
Subsequent to the initial exploit, the attacker began swapping the stolen funds to Ether, with the total loss increasing to approximately $11.6 million.
Prisma is a decentralized liquid staking token protocol with over $200 million in total value locked (TVL), according to DefiLlama (before the hack).
Update 1: The hacker messaged Prisma Finance claiming this was a white hat rescue
How To Protect Myself?
Use revoke.cash to remove all approvals to the Prisma Finance project. This post will be updated with more advise as details emerge.