Prisma Finance appears to have been hacked for $9 million in ongoing exploit

Web3 security platform Cyvers first detected the suspicious transactions, estimating a total loss of around $9 million so far, claiming the attacker funded via the crypto exchange FixedFloat.

Blockchain security firm PeckShield also confirmed the attack, suggesting Prisma mkUSD and wrapped stETH are among the stolen assets. “We are aware of a possible exploit on Prisma,” Prisma Finance responded on X. “Core engineering contributors will pause the protocol and investigate. We'll share an update and a post-mortem.”Prisma Finance did not immediately return a request for comment from The Block.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block.

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Prisma price tanks 25% after nearly $9 million exploitPrisma Finance (PRISMA) is being exploited, and the attacker has so far pulled $9 million in Ethereum from the borrowing protocol.
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