Self-proclaimed ‘safest’ DeFi lender loses $6 million in hack


DeFi lender LendHub lost $6 million of crypto assets in an attack, the team reported on Friday.

LendHub stated that the attack occurred on Jan. 12. The DeFi lender added that it has contacted blockchain security firms and crypto exchanges to assist with tracking the stolen crypto.

The hacker has reportedly begun to move some of the funds via sanctioned crypto mixer Tornado Cash. So, far the attacker has routed 1,100 ether ($1.5 million), according to Wu Blockchain.

LendHub touts itself as the “safest decentralized lending platform” for cross-chain lending. It’s built on the Huobi-developed Heco blockchain.

LendHub stated that it will conduct a full investigation into the incident.

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