Arbitrum Liquidity Protocol Jimbos Suffers a $7M Hack

Jimbos Protocol, Built on Arbitrum, Falls Victim to $7.5 Million Exploit Shortly After Version 2 Release

Jimbos Protocol, Built on Arbitrum, Falls Victim to $7.5 Million Exploit Shortly After Version 2 Release

Scam Sniffer discovered a $103,000 drain transaction carried out using a Permit2 exploit

DEUS had paused all contracts, and DEI tokens on chains were burnt to prevent further damage

The exploit targeted keys that were created from 2014 to 2022 and focused on those who were more "crypto native"Â

Hundred Finance announced on Twitter that it has lost approximately $7 million due to a security compromise .

Bitrue announced that it had temporarily suspended all withdrawals and expects to reopen withdrawals on April 18, 2023, after conducting additional security checks.

90% of the stolen money was returned by the hacker, who gave back 414 ETH in one original transaction and 51.75 ETH in another.

Allbridge earlier had announced that it had given the exploiter a bounty to return the money without facing any legal repercussionsÂ

As per on-chain data, the hacker returned 51,000 ETH ($90M) to Euler’s deployer wallet.

According to General Bytes’ security bulletin, the hacker was able to remotely upload their own Java app using the master service interface and had access to BATM user privileges.