🚨 $1.7M has gone missing from the escrow Notional Finance. But here’s the catch: Notional itself has not yet confirmed what exactly happened.
Specter reports a possible exploit of the escrow contract: about 69,242 DAI + 1.658M $USDC were withdrawn, exchanged for approximately 689,$ETH , and then sent to Tornado Cash.
PeckShield has confirmed this transaction trail.
But there’s still no technical response. We don’t know which exact function or mechanism allowed the funds to be withdrawn—and even the final size of the losses hasn’t been confirmed by the team yet.
Here’s where I slow down with the loud word “hack.” On-chain, you can already see the movement of funds, but there’s a very important gap between “funds left the contract” and “the protocol was broken like this.”
In DeFi, I’ve long learned not to fill that gap with my own imagination. First come the transactions, then the technical explanation, and only after that the conclusions. If you’re also interested in facts—not FUD at a speed of 689 $ETH —subscribe to @MoonMan567
Specter reports a possible exploit of the escrow contract: about 69,242 DAI + 1.658M $USDC were withdrawn, exchanged for approximately 689,$ETH , and then sent to Tornado Cash.
PeckShield has confirmed this transaction trail.
But there’s still no technical response. We don’t know which exact function or mechanism allowed the funds to be withdrawn—and even the final size of the losses hasn’t been confirmed by the team yet.
Here’s where I slow down with the loud word “hack.” On-chain, you can already see the movement of funds, but there’s a very important gap between “funds left the contract” and “the protocol was broken like this.”
In DeFi, I’ve long learned not to fill that gap with my own imagination. First come the transactions, then the technical explanation, and only after that the conclusions. If you’re also interested in facts—not FUD at a speed of 689 $ETH —subscribe to @MoonMan567
