The decentralized finance ( defi) entity, Prisma Finance, has fallen prey to a security breach, with onchain detectives revealing that $11.6 million has been pilfered from its liquid staking protocol.
Prisma Finance Suffers $11.6M Hack in Liquid Staking Shockwave, Moves to Mitigate Fallout
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Prisma Finance in Turmoil: $11.6M Lost to Hackers, Emergency Measures Activated
On a recent Thursday, blockchain surveillance and safety squads from Peckshield and Cyvers reported the intrusion into Prisma Finance’s liquid staking mechanism. Cyvers unveiled that their monitoring system identified a “malicious contract” a mere two minutes before the attack was executed. Peckshield, signaling an alert, posted on the social media outlet X, “Hi [Prisma Finance], you may want to take a look (w/ $8.1m).” Peckshield added:
The attack is ongoing, with the total loss now increased to ~3,257.7 ETH (worth ~$11.6 million)
In response, Prisma Finance engaged with its followers on X, providing an update on the situation. “We are aware of a possible exploit on Prisma,” the defi platform’s X account said. “Core engineering contributors will pause the protocol and investigate. We’ll share an update and a post-mortem.” Moreover, Prisma urged its users to revoke all connections to prevent loss of funds.
What do you think about the Prisma Finance breach? Share your thoughts and opinions about this subject in the comments section below.
