Notional Finance faces suspected $1.7M exploit

Notional Finance may have suffered a $1.7 million exploit involving an escrow contract, blockchain investigators reported on Sept. 4. The reported losses include approximately $69,242 in DAI and $1.66 million in USDC. Summary Researchers reported $1.7 million in DAI and USDC leaving an escrow contract linked to Notional. The reported losses comprise $69,242 in DAI and $1,658,423 in USDC, according to Specter researchers. The suspected attacker exchanged the stablecoins for 689.2 ETH before depositing funds into Tornado Cash. PeckShield cited Specter’s findings, while Notional had not publicly confirmed the incident when last checked. The exploit’s technical cause, affected users and prospects for recovering assets remain publicly unconfirmed. Security firm PeckShield cited findings published by blockchain investigation group Specter. Neither report provided a complete technical explanation of how the assets left the contract. “The Notional Finance escrow contract may have been exploited,” PeckShield said, preserving uncertainty about the incident’s status. #PeckShieldAlert Specter has reported that the Notional Finance escrow contract may have been exploited, resulting in $1.7M in ...