Lendf.Me has lost 25M from Protocol Attack

Abstract : The total loss of lending protocol Lendf.Me has reached to 25M.

ChainDD
ChainDD

Apr 19

According to Beosin-AML monitoring, the total loss of lending protocol Lendf.Me has reached to 25M. Attackers transferred the assets immediately after the attack, Beosin suggested three measures:

1. Reentrancy Protection: using ReentrancyGuard in OpenZeppelin;

2. Before making external call, modify the contract variables first;

3. Perform necessary security audit before product launch.

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