On July 25th, DeFi lending platform EraLend suffered a reentrancy attack, resulting in a loss of approximately $3.4 million worth of crypto. Reentrancy attacks, which exploit vulnerabilities in smart contracts, are common in the DeFi sector. EraLend, formerly known as Nexon Finance, claimed to be a low-risk zkSync decentralized lending protocol that did not rely on oracles, making it less susceptible to such attacks. However, this claim was proven false as the platform's USDC stash was targeted. Since the attack, all borrowing operations have been suspended, and users have been advised not to deposit USDC until the issue is resolved. Cybersecurity firms, including BlockSec, are assisting EraLend in addressing the security breach.