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Multi-Chain Lending Protocol FilDA Suffers $700K Loss in Cyber Attack

Cointime Official

FilDA, a multi-chain lending protocol, was attacked earlier today on the Elastos Smart Chain (ESC) and REI Network, resulting in a loss of approximately 700K USD. No other FilDA deployments have been affected.

According to the latest exploit statement, the vulnerability has been identified and the attack vector isolated. However, ESC and Rei FilDA platforms have been halted and will only be reinstated after a thorough review of the ongoing situation.

The team became aware of the potential platform exploit in the early hours of this morning and continue to analyze the on-chain activity by working alongside CEX, security and ecosystem partners to help trace and monitor these addresses. The addresses discovered received funds from a wallet which has been identified to have interacted with CEX accounts; FilDA have discovered links to IP addresses too. As a result, FilDA are now working with security firms to trace the hacker. Considering the gravity of the situation, law enforcement will be asked to pursue the case. FilDA encourage affected users to contact their local law enforcement too so they are aware of the theft.

FilDA promises to share information with the community as the investigation progresses and formulate a plan of action to prevent similar incidents in the future. The team apologizes for the disruption this has caused for its users and thanks them for their patience during this time.

About FilDA

FilDA is a decentralized, non-custody, lending protocol on multiple chains. It has been launched on HECO, BSC, Polygon, Arbitrum, IoTex, ESC, and will be deployed on more chains.

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