The Bitcoin-native lending protocol, Zest Protocol twitted that it experienced an attack. The attacker lent out an amount exceeding the value of their collateral by artificially inflating its value. The attack has been mitigated, and all unauthorized access has been disabled. The attacker removed 324,000 STX from the protocol, and this loss will be compensated from the Zest Protocol's treasury, ensuring full reimbursement of user assets.ExpandCollapse
The Bitcoin-native lending protocol, Zest Protocol twitted that it experienced an attack. The attacker lent out an amount exceeding the value of their collateral by artificially inflating its value. The attack has been mitigated, and all unauthorized access has been disabled. The attacker removed 324,000 STX from the protocol, and this loss will be compensated from the Zest Protocol's treasury, ensuring full reimbursement of user assets.
- Amount of loss
- $ 1,000,000
- Attack method
- Price Manipulation
OtherSecurity