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International Business Times
International Business Times
Business
Marvie Basilan

Liquid Staking Protocol Prisma Finance Exploited For $11.6 Million

Prisma blockchain PeckShield CertiK
Crypto platforms have been the target of threat actors, with Prisma being just one of several platforms and exchanges that lost millions this year in system hacks. (Credit: TheDigitalArtist/Pixabay)

KEY POINTS

  • PeckShield and Cyvers detected the exploit then tagged Prisma on X
  • Prisma's engineering contributors have since paused the protocol and an investigation is underway
  • A white hat reached out to Prisma for a 'rescue' attempt, as per CertiK

Decentralized liquid staking token protocol Prisma Finance (PrismaFi) has been exploited for $11.6 million, on-chain data monitored by blockchain security firms revealed. The protocol has since confirmed that the exploit affected several "users of individual vaults."

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