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Hundred Finance Reports Hack on Optimism Network Resulting in $7M Loss

Cointime Official

April 16 (Cointime) - Hundred Finance, a multi-chain lending protocol using veHND model, has experienced a significant security breach on the Optimism layer-2 scaling solution, resulting in an estimated loss of around $7 million.

The firm is hoping the hacker will reach out to them, and it is in talks with various security teams to find a joint solution to the problem.

Blockchain security firm CertiK, which is investigating the incident, stated that the scope of the hack remains unclear at the time of writing.

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