OpenLeverage suffers $236k exploit
Following the news, the OpenLeverage team confirmed the attack, assuring customers that "accumulated insurance and buyback funds should be able to cover the loss
Decentralized margin trading protocol OpenLeverage has reportedly been subject to a hacking attack, resulting in losses amounting to up to $236,000 worth of cryptocurrency, according to various estimates. As per CyversAlert, the attacker's wallet for covering fees was funded by Tornado Cash, an OFAC-sanctioned crypto mixing protocol. However, the specific details of the attack remain unclear at the time of writing.
Following the news, the OpenLeverage team confirmed the attack, assuring customers that "accumulated insurance and buyback funds should be able to cover the loss." They also added that DistrictOne, a blockchain-based play-to-earn game powered by OpenLeverage, was not affected as a result of the attack.
"OpenLeverage protocol is currently paused; an investigation is ongoing."
