🚨Attention BTC enthusiasts!🚨 Another DeFi project has been hacked, this time it's the Optimism network-based decentralized credit market Exactly Protocol. The breach led to a massive drop in the platform's total value locked (TVL) and a 27% slump in its native token, EXA. 😱

Blockchain security firm PechShield alerted Exactly Protocol of the attack, with initial estimates suggesting a loss of 4,300 ETH ($7.3 million). However, Web3 antivirus platform De.Fi later revealed that over 7,160 ETH ($12.04 million) has been drained from the protocol. 😰

The exploitation strategy seems to involve funding an exploiter contract on Ethereum, transferring deposits to the layer-2 blockchain, Optimism, before bridging stolen funds back to Ethereum. Exactly Protocol is investigating the security issue and has temporarily halted the platform, but users can still withdraw their assets. 💼

Following the attack, Exactly Protocol's TVL plummeted from $37 million to $11.74 million, a decline of nearly 70%. This comes amidst a surge in exploitation across the DeFi sector, with Solana-based DEX Cypher Protocol and Zunami Protocol also falling victim to hacks. Stay vigilant, folks! 🔍💪