DeFi platform Sentiment suffers $1 million attack on Arbitrum network

Crypto Ecosystems • April 5, 2023, 6:38AM EDT
UPDATED: April 6, 2023, 8:02AM EDT
The Block

Quick Take

  • An attacker exploited a reentrancy bug via a flash loan to drain nearly $1 million from Arbitrum-based DeFi project Sentiment.
  • The Sentiment team acknowledged the attack and temporarily suspended its smart contracts to prevent further deposits.
Sentiment, a DeFi platform built on the Arbitrum Layer 2 network, suffered an attack that led to a loss of nearly $1 million.
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Editor

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