PercentFinance Security Incident: $1.00M Reported Loss
DeFi lending platform PercentFinance wrote in a blog on November 4 that some currency markets encountered problems that could cause users' funds to be permanently locked.
- Reported loss
- $ 1,000,000
Incident Overview
The team frozen currency markets specifically for USDC, ETH, and WBTC. A total of 446,000 USDC, 28 WBTC and 313 ETH have been frozen, valued at approximately US$1 million. The article stated that half of these fixed funds belonged to PercentFinance's "community improvement team." Withdrawals in other markets have already begun, but the team urges users not to borrow money from any of PercentFinance's markets during this period. It is reported that PercentFinance is a fork of Compound Finance.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.