Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance

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Arbitrum-based lending platform Lodestar Finance was exploited on Dec. 10, 2022, according to a tweet from the project’s Twitter account on Saturday. Community reports detail that Lodestar lost roughly $6.9 million from the vulnerability.

Lodestar Finance Loses $6.9 Million in an Exploit, TVL Drained, LODE Drops by 53%

Another decentralized finance (defi) platform, Lodestar Finance was hacked for $6.9 million in an exploit, a number of reports detail. “[The] protocol was exploited and deposits have been drained,” Lodestar’s official Twitter account said. “We have set all interest rates to 0 so that supply and borrow balances are not moving while we weigh recovery options.”

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