[News] DeFi protocol Prisma Finance suffered a nearly $12 million attack! As reported by The Defiant, Prisma Finance is a DeFi protocol that issues stablecoins backed by Ethereum Liquid Collateral and Re-collateralized Tokens (LRTs). Blockchain security company Cyvers discovered that attackers managed to steal 3,258 ETH before the protocol was suspended by the team. Analysis by security firm Peckshield revealed that the stolen assets had been redistributed to three Ethereum addresses.

After the attack, Prisma's PRISMA token plummeted by 30%, then partially recovered, with a current market value of $9 million. Nearly $110 million was withdrawn from the protocol following the attack, resulting in its total locked value of $127 million. Prisma issues two USD-pegged stablecoins, mkUSD and ULTRA, with market caps of $35 million and just over $2 million respectively. Liquity confirmed that it is not vulnerable to the same type of attack. Fellow blockchain enthusiasts, what do you think about this? Welcome to chat in the comment area!