By Walter Grand in Economy —

Era Lend protocol lost $3.4m in hack

Era Lend protocol lost $3.4m in hack
Photo by Caspar Camille Rubin / Unsplash

The largest lending protocol on the zkSync blockchain called Era Lend has been  hacked. The probable damage is $3.4 million.

According to analyst agency Certik, the hacker exploited a "re-entry" vulnerability to affect the LP token rate.

Anomalous activity on the platform was also discovered by an anonymous expert under the pseudonym spreekaway. Judging by his data, the hacker first withdrew $1.7 million in USDC, then another $1 million, followed by the rest of the amount.