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Ronald Maguire

12 June 2022 190 Read Crypto , Altcoins

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20 Million OP Stolen By Hacker

Ethereum Layer 2 scaling solution Optimism was exploited by a hacker and 20 million tokens were lost. The cyberattack occurred when cryptocurrency market maker Wintermute accidentally added liquidity to the platform and provided a multi-signature address to facilitate transactions. The hacker took advantage of it before the dev team was able to get around this issue.

Wintermue Engaged with Optimism Foundation

Wintermute received a 20 million OP loan from the Optimism Foundation to provide OP token liquidity. The cyber attacker exploited a serious mistake and sent 20 million OP tokens from Layer 1 to Layer 2. The hacker sent 1 million OP tokens to Vitalik Buterin's address.

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