Sentiment, an undercollateralized lending protocol, seems to have been exploited on April 4 for over $500,000 in crypto. Ethereum blockchain information reveals a transaction that transferred 536,738.410031 USD Coin (USDC) from the Synapse Bridge, and this hyperlinks up with a collection of Arbitrum transactions draining cash from the Sentiment protocol.
The pockets performing the assault has been labeled “Sentimentxyz Exploiter” by Arbiscan, and the Sentiment crew has introduced on Twitter that they’re conscious of a “potential concern” with the protocol.
The Sentiment crew has just lately been made conscious of a possible concern regarding the Sentiment protocol. We’re actively trying into the state of affairs and can present extra data momentarily.
— Sentiment (@sentimentxyz) April 4, 2023
Twitter person Officer’s Notes has instructed that this can be a reentrancy assault. The person relied on analysis achieved by @FrankResearcher to return to this conclusion.
The Sentiment crew has not but acknowledged what steps are being carried out to cease the assault or what customers ought to do to mitigate threat.
It is a creating story, and additional data shall be added because it turns into out there.
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