Prisma price tanks 25% after nearly $9 million exploit

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Prisma Finance (PRISMA) is being exploited, and the attacker has so far pulled $9 million in Ethereum from the borrowing protocol.

Prisma Finance suffers $9 million exploit on Thursday, exploiter currently holds stolen funds in Ether wallet. The exploit is yet to end, project’s vault is being drained on Friday.

token suffered a steep decline, wiping out 25% of its value within hours on Thursday. holders, according to their official tweets on X. To vault owners, please disable delegate approval: LST:https://t.co/SJCjPCxv56 _delegate: 0xcC7218100da61441905e0c327749972e3CBee9EE _isApproved: false LRT:https://t.co/PyY6bhdJAi _delegate: 0xC3eAf094e2586965244aB6534f6Dc69c6C16b5D5 _isApproved: false — Prisma Finance March 28, 2024 We are aware of a possible exploit on Prisma. Core engineering contributors will pause the protocol and investigate. We'll share an update and a post-mortem.

 

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