$20 million was lost due to an exploit that hit the decentralized lending protocol Sonne Finance
On Wednesday morning in Asia, Sonne Finance’s decentralized lending system was exploited, losing $20 million. The project’s post-mortem revealed an exploit in a Compound v2 branch. A known contribution exploit let the hacker to steal $20 million in WETH, Velo (VELO), soVELO, and Wrapped USDC. Sonne Finance said on X that it has stopped all Optimism markets over the attack, while Base markets continued. After PeckShield warned on X and advised Sonne to reconsider their timelock contract, Sonne Finance did. It found the flaw 25 minutes after the exploit, the organization said. The team described how it had recently allowed