Gamma protocol investigates potential attack that drained Ether
The DeFi protocol Gamma Strategies potentially lost nearly $500,000 in an exploit, according to blockchain investigator PeckShield.
Ethereum-based asset management protocol Gamma Strategies announced an investigation into an ongoing security incident that potentially drained at least 211.9 Ether (ETH).
On Jan. 4, blockchain investigator PeckShield detected an exploit worth roughly $469,000 linked to Gamma Strategies.
Soon after, the decentralized finance (DeFi) protocol confirmed a “possible security incident” while confirming that users were still able to withdraw their funds if they needed to.
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