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Defi Protocol Sonne Finance Reports Major Security Breach, $20 Million Lost to Hackers

May 15, 2024
in Bitcoin
Reading Time: 1 min read
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US Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns
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Sonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of $3 million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to $20 million, as detected by blockchain security firm Cyvers on May 15. Following the attack, Sonne Finance suspended its Optimism Market and assured that […]
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