Purrlend: Security incident caused by administrator multisig breach, resulting in a loss of approximately $1.52 million
ChainCatcher reports that Purrlend stated it experienced a security incident during deployment on HyperEVM and MegaETH, resulting in a loss of approximately 1.52 million US dollars.
The attacker breached the team's 2-out-of-3 admin multisig wallet, granted BRIDGE_ROLE and other privileges to a malicious EOA, and used mintUnbacked to mint unbacked pUSDm and pUSDC, which were used as collateral to borrow assets from the pool. Purrlend stated that the protocol has been paused, relevant permissions revoked, and it is currently working with the security team, law enforcement agencies, and cross-chain bridge partners to trace and attempt to recover the funds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nvidia's newly appointed Chairman of the Board addresses all employees: The company's strength comes from its team, technology, and ecosystem.
In an email, NVIDIA's new Chairman of the Board Harvey Jones stated that the board takes its duty as guardian of this great company very seriously. The company's strength comes from our employees, leadership team, technological capabilities, and partner ecosystem. We will continue to drive business growth and lead the industry forward. Thank you all for your focus, professionalism, and dedication to NVIDIA.
Exodus' 'cost reset is real' as payments offset crypto wallet slowdown, StoneX says
Crypto prices
More
