Multicoin Capital-backed DeFi protocol dForce loses ~$25M total locked value in an exploit

Update (1:53 PM EST, 4/19/2020): dForce CEO Mindao Yang just confirmed in a blog post that the hacker(s) have reached out to the team and the team intends to "enter into discussions with them." 

The team also said that it has "contacted law enforcement in several jurisdictions, reached out to asset issuers and exchanges to track down and blacklist the hacker(s) addresses and engaged our legal team." 


dForce, a Multicoin Capital-backed Chinese decentralized finance (DeFi) protocol, has been exploited. 

The total value locked in the dForce ecosystem was down by 100% to $6 over the past 24 hours, per DeFi Pulse data. A day ago, the total value locked in the system was $24.9 million. The Lendf.Me website, a lending platform within the dForce ecosystem, is also not accessible at press time.

On the dForce Telegram channel, CEO Mindao Yang said the team is still investigating the issue and advised users not to supply any asset into Lendf.Me now. The team also confirmed the Chinese crypto news site ChainNews that it Lendf.Me was attacked at block height 9,899,681. 

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