Decentralized liquidity market protocol, Sonne Finance, faced a major security breach resulting in losses of $20 million. The attack, initially costing $3 million in USD Coin and Wrapped Ethereum, quickly escalated.Â
Suspension and Fake Account AlertÂ
In response, Sonne Finance suspended its Optimism Market while assuring Base markets remained safe. Additionally, a fake account circulated a suspicious link aiming to exploit the situation by revoking approvals.Â
DeFi Vulnerabilities ExposedÂ
This incident highlights vulnerabilities within the DeFi sector, emphasizing the urgent need for enhanced security measures to protect assets from cyber threats.Â
