NEFTURE SECURITY I Blockchain Security

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Coinmonks

·6 min read·7 hours ago

Decentralized lending protocol Sonne Finance was exploited for $20 million exploiting a known vulnerability in Compound Finance forks on May 15th, 2024.Hack Summary

Based on Optimism and Base, Sonne Finance is a DeFi protocol that essentially functions as a fork of Compound V2. The protocol was exploited using a known vulnerability present in Compound V2 forks, resulting in a loss of approximately $20 million.

Compound V2 Vulnerability Explained

Sonne Finance’s troubles stem from its status as a fork

Keep reading this article on Blockchain-Medium.

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