dForce wstETH/ETH Curve Gauge Vaults On Arbitrum, Optimism Hacked

• DeFi protocol dForce announced that its vaults on Arbitrum and Optimism vaults were hacked.
• dForce immediately paused the vaults, declaring that the rest of the protocol and funds remains safe.
• Reportedly, the hacker liquidated around $3.6 million worth of ETH.

Integrated DeFi protocol platform dForce posted on its official Twitter account that wstETH/ETH Curve gauge vaults on Arbitrum & Optimism were exploited a few hours ago. The account simultaneously shared that it immediately paused the dForce vaults.

wstETH/ETH Curve gauge vaults on Arbitrum & Optimism were exploited a few hours ago, and we immediately paused the dForce Vaults – other parts of the protocol remain intact and user funds are SAFE with dForce Lending.

We will come back with a detailed report and remedies soon.

— dForce (@dForcenet) February 10, 2023

The tweet also mentioned that parts of the protocol remain intact and user funds are secure with dForce Lending. dForce added: We will come back with a detailed report and remedies soon.

Smart contract audit platform BlockSec also tweeted updates regarding the same. It announced that the root cause of the attack was the “well-known read…

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