Sirlibz
Harvest finance, one of the major decentralized finance (Defi) protocol out there has announced a $100,000 bounty to any individual or team able to identify the attacker who hacked into their liquidity pool and made away with about $24 million the attack happened earlier today and funds exploited from the Harvest finance pools was swapped for Ren-BTC (RBTC) which the project confirmed was an attack. They also stated in a tweet that the protocol “was working actively on the issue of migrating the economic attack on the stablecoin and BTC pools”.
With the help of Ren protocol, harvest finance was able to identify the Bitcoin address where the funds were moved to and then proceed to ask major exchangers like Binance and coinbase to freeze any funds sent from those wallets addresses. The attacker however sent back about $2.5 million to the deployer address in the form of tether (USDT) and USD Coin (USDC), regarding the returned funds, Harvest finance tweeted and said “funds will be returned to affected depositors pro-rata using a snapshot.
Harvest Finance Farm Tokens and Pools Affected
Since the occurrence of this attack, the native token for the Harvest finance protocol declined over 50% within 24hour. As at the time of writing, the token is sitting at $94.84 with a total market cap of $24,292,212 according to Coinmarketcap.
According to data from Defipulse, the pool has also been affected as over 60% of it’s initial total locked value (TLV) from over $1billion as of October 25 to $323.2 million right now.
