The DeFi lending project steadefi has suffered an attack with losses amounting to approximately 1.14 million dollars

ChainCatcher news, according to a tweet from MetaTrust Alert, the DeFi lending project steadefi deployed on Arbitrum and Avalanche has suffered an attack with losses amounting to approximately $1,140,000. The ownership of all vaults has been compromised and transferred to the attacker's wallet (0x9cf71).

The attacker called privileged functions to gain access to all borrowable assets on Arbitrum and Avalanche, then exchanged them for ETH and bridged the ETH to Ethereum. The wallet on Ethereum now holds 624 ETH (worth $1.14 million).