Hackers drain $11 million from Agave and Hundred Finance DeFi protocols

16.03.2022 ForkLog

Hackers exploited the DeFi protocols Agave and Hundred Finance, using a reentrancy exploit and flash loans on the Gnosis Chain.

Unfortunately Hundred and Agave have both been exploited on Gnosis chain today. Gnosis team is aware, investigation is ongoing.

All the Hundred markets on all chains paused for now.

These are the two transactions:
Hundred https://t.co/mdtViohijn
Agave https://t.co/RKB5MVx0O4

— Hundred Finance (@HundredFinance) March 15, 2022

As a result of the breach, Agave paused its contracts.

Agave is currently investigating an exploit on the agave finance protocol. We will update you as soon as we know more.

— Agave (@Agave_lending) March 15, 2022

In total, hackers withdrew around $11 million in tokens including wETH, wBTC, LINK, USDC, wXDAI and GNO.

The attackers have already started laundering the stolen funds through Tornado Cash, The Block.

Earlier, the DeFi protocol Deus Finance DAO was targeted. The attackers also used flash loans for the breach.

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