PeckShield notified Sturdy Finance on June 12 of a suspicious transaction.
The attacker sent about $800,000 in ETH to the crypto mixer Tornado Cash.
The Sturdy Finance DeFi protocol lost 442 ETH, or over $800,000 at the time of writing, due to a hack. An intruder drained funds from the protocol by exploiting a vulnerability that allowed them to manipulate a flawed pricing oracle.
PeckShield, a blockchain security company, notified Sturdy Finance on June 12 of a suspicious transaction. That may have been an attempt at price manipulation. Almost an hour after first learning of the attack, the DeFi protocol announced that it had disabled all markets. And assured its customers that their money was safe.
Attacker Manipulates Price Oracle
PeckShield verified that the attacker sent about $800,000 in ETH to the crypto mixer Tornado Cash, despite a rapid reaction from the DeFi lending platform. The security company said that the flawed pricing oracle was the “root cause” of the vulnerabilit
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