DeFi Protocol Temple DAO Struck by $2.3M Exploit

DeFi protocol Temple DAO lost over $2.3 million on Oct. 11 to a hack first spotted by Twitter user Spreekaway and confirmed by blockchain analytical firm Peckshield. According to Peckshield, the hacker funded the attack from SimpleSwap and has transferred 1,831 ETH to a new address, 0x2B63d.

TempleDAO retweeted a Twitter thread about the exploit from the DeFi protocol Stax Finance. According to the thread, 321,154 xLP tokens were stolen from the xLP Staking contract and converted to 1,418,303 $TEMPLE tokens and 1,262,438 $FRAX. The TEMPLE tokens were also later sold for FRAX. Meanwhile, TempleDAO has taken down the dApp to avoid accidental usage. The team urged the hacker to return the funds, offering him a legal bounty for the exploit.

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