Sonne Finance, a DeFi lending protocol, has reportedly lost USD 20 million in USDC and Wrapped Ethereum tokens due to an exploit on its Optimism chain.
In response to the attack, Sonne Finance suspended its Optimism Market and stated that its markets on Base, a supported layer-2 network, were unaffected. The cause of the vulnerability and the attackers' identity are still under investigation.
Sonne Finance offers an open-source decentralized protocol built on Optimism. It enables users to lend and borrow a range of cryptocurrencies. Users can deposit their crypto assets, use them as collateral, take out a loan against them, or earn yields from lending.
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