Prisma Finance Hacker: On-Chain Tirade & $11 Million Heist

Prisma Finance Falls Victim to a Major Ethereum Hack

In a shocking revelation that rattled the decentralized finance (DeFi) community, Prisma Finance, a decentralized lending protocol on the Ethereum network, suffered a major breach. On March 28, an exploiter executed a sophisticated flash loan attack, absconding with approximately 3,257.7 ETH, which translates to an eye-watering $11.6 million. The aftermath of this breach saw the hacker strategically moving parts of these stolen funds through several transactions to crypto mixer Tornado Cash, a move aimed at obscuring the trail.