DeFi protocol Hope Finance hacked for $2M at launch

Decentralized finance (DeFi) protocol Hope Finance lost nearly $2 million worth of crypto assets to hackers on February 20th.claimed Everything from the Genesis Protocol.

DeFi protocol Alleged The hacker who scammed that community was a Nigerian man named Ugwoke Pascal Chukwuebuka who shared his photo with voter cards.

Blockchain security company Peckshield report Scammers transferred 1095 Ethereum (ETH) via the Tornado Cash mixing protocol.

Hope Finance’s hacked contract is different from the audited one

According to a spokesperson for auditor Cognitos, the smart contracts exploited by malicious players were different from those audited by Hope Finance.

Cognitos Said Signed by Hope Finance smart contract code rReviews and Security Analysis.

A Cognitos spokesperson added that the Hope Finance team changed the contract multiple times, each change being “rechecked by engineers.”

Cognitos further added that a liaison with the Hope Finance team “deleted his account.”

crypto slate At the time of writing, the Hope Finance team could not be reached. The project’s Discord Channel invitation was invalid and the official website was inaccessible at the time of press.

Community shouts foul play

Members of the crypto community claim Hope Finance pulled the rug.

DeFi enthusiast Markuu said it’s likely that the docked scammers didn’t steal everyone’s money, as there are paid services that can dock themselves.Marcoux Added:

“I still can’t believe that no one on the team ever had a video chat with the ‘lead developer’.”

another community member Said If you check the ID address on Google Maps, it looks like a vacant lot.

Post-DeFi protocol Hope Finance hacked for $2 million at launch first appeared on CryptoSlate.

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