Hacker Steals $2M from DeFi Project Akropolis
Main page News, Hacker Attack, DeFi
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Nov. 13, 2020
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Decentralized finance platform (DeFi) Akropolis has lost $2M in the stablecoin DAI that have been withdrawn from its pool yCurve.

According to analyst Steven Zheng, the hacker has withdrawn the assets in blocks of 50,000 DAIs until the pool has been completely drained. He then transferred the coins to a new address. The representatives of Akropolis said:

"We noticed a discrepancy in the APYs of our stablecoin pools and identified that ~2.0mn DAI had been drained out of the yCurve and sUSD pools."

The project ensures the staking pools are safe. According to the team, the pool has been audited by CertiK and an anonymous firm. In response to Zheng's suggestion that Akropolis has been the victim of an asset price manipulation attack, similar to the one Harvest Finance suffered recently, Akropolis has said this is "not entirely true."

The DeFi project Akropolis allows clients to borrow money and generate returns on crypto deposits.

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