[ad_1] <br><div><div><p>TND, the native token of decentralized-finance (<a target="_blank" href="https://www.coindesk.com/learn/what-is-defi/" rel="noopener">DeFi</a>) protocol <a target="_blank" href="http://tender.fi/" rel="noopener">Tender.fi</a>, fell by 34% earlier than recovering on Tuesday after the platform was hit by a white hat hacker.</p></div></div><div><div><p>The token, which trades totally on decentralized alternate Uniswap, was altering palms at $1.99 when the agency paused withdrawals. It was not too long ago buying and selling at $2.82 after the agency mentioned it's in talks with the hacker.</p></div></div><div><div><p>"We're investigating an uncommon quantity of borrows that got here by the protocol- within the meantime, we've paused all borrowing. Thanks to your persistence," the Tender.fi group <a target="_blank" href="https://twitter.com/tender_fi" rel="noopener">wrote on Twitter.</a></p></div></div><div><div><p>Blockchain sleuth Lookonchain mentioned that as a consequence of a misconfigured pricing <a target="_blank" href="https://www.coindesk.com/tech/2020/12/22/what-is-an-oracle/" rel="noopener">oracle</a>, a white hat attacker borrowed $1.59 million in belongings regardless of depositing just one GMX token value $71.</p></div></div><div><div><p>A white hat hacker is somebody who assaults a platform earlier than returning the loot.</p></div></div><div><div><p><i><b>UPDATE (Mar. 7, 12:46 UTC)</b></i>: Updates headline and story, updates token motion.</p></div></div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <br>[ad_2] <br><a href="https://www.coindesk.com/markets/2023/03/07/defi-protocol-tenderfis-tnd-token-plunges-34-as-protocol-pauses-borrowing/?outputType=amp">Source link </a>