Optimism DeFi Platform Sonne Finance Loses $20 Million to Exploit

IconCNT15 May, 2024

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Optimism DeFi Platform Sonne Finance Loses $20 Million to Exploit

**Sonne Finance Hit by $20 Million Exploit** Sonne Finance, an Optimism-based decentralized finance (DeFi) protocol, has fallen victim to an exploit that has led to the loss of over $20 million in cryptocurrency. Blockchain security firm PeckShield has attributed the attack to a vulnerability in Sonne Finance's smart contract infrastructure. The exploiter took advantage of the Timelock functionality and market creation function to manipulate trades and damage the protocol. In response to the incident, the Sonne Finance team has halted its Optimism-based markets and offered a bounty for the return of the stolen funds, promising no legal action against the attacker. **Previous Related News** 15 May 2024 - Sonne Finance Exploited for $20 Million Due to Vulnerability

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