DeFi Protocols Harbor and Exactly Become Latest Victim of Exploit

• According to Exactly, the breach affected the DebtManager peripheral contract.
• Exactly Protocol had 4,323.6 Ether stolen, which was valued at close to $7.3 million.

Exactly is a crypto lending platform that operates on the Optimism network. Initially, it was reported that more than 7,160 ETH, worth approximately $12 million, had been taken, however, this figure was eventually reduced. According to Exactly, the breach affected the DebtManager peripheral contract.

As per blockchain security companies DeDotFi and PeckShield, the DeFi protocols Exactly and Harbor were attacked on August 18 in two distinct, seemingly unconnected assaults.

Exactly Protocol had 4,323.6 Ether stolen, which was valued at close to $7.3 million. The hackers then bridged 1,490 ETH utilizing the Across Protocol and 2,832.92 ETH via Optimism Bridge to the Ethereum network.

Rising Attacks on DeFi Protocols

The protocol’s team said on Twitter that it had filed a police complaint and was attempting to contact the attackers in an effort to recover the stolen funds. Harbor, an interchain stablecoin protocol, has announced a security breach. The total value of stolen crypto assets is unknown at this time. Harbor is reportedly trying to determine how much money has been lost and how to recover the same.

These assaults come after a slew of security problems that have plagued the whole DeFi ecosystem in recent weeks. More than $61 million was stolen from stablecoin pools on Curve Finance on July 30 due to a vulnerability. At least $287,000 in ETH was stolen from the Earn.Finance protocol in the previous few days, while Zunami Protocol lost $2.1 million in a separate hack. These rising attacks have shaken the DeFi sector and raised several questions about audit reports and bug bounty programs.

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