dForce Lending Protocol Hacked: A Timeline of Events

On April 19, 2023, the decentralized lending protocol Lendf.Me was hacked, leading to the theft of approximately $25 million in cryptocurrency assets. Following the incident, the relevant team immediately launched emergency actions.

Attack Process

• On April 19th at 8:58, a Hacker began an attack on the Lendf.Me contract.
• 11:32, the attack is complete, 25 million dollars worth of crypto assets have been stolen.
• 12:57, Lendf.Me and USDx contracts have been successively closed.

Countermeasures

On the day of the incident, the relevant team quickly took the following actions:

1. Contact the main investors, asset issuers, and industry partners to request assistance in monitoring and freezing suspicious accounts.
2. Report the cause of the attack and the status of assets to the relevant parties.
3. Form a temporary security team to carry out asset recovery work
4. Report to the police and request the issuance of a mandatory enforcement order
5. Try to establish communication with the Hacker

Progress of Events

• On April 19 at 22:12, a Hacker left a message on the chain "Better Future"
• Starting from 22:16, hackers have been gradually transferring some assets to the management address of Lendf.Me.
• On April 20th, the security team locked onto the hacker's profile and obtained important clues.
• On April 21 at 13:33, the Hacker proactively communicated with the team and began to return the assets.
• All stolen assets were successfully recovered before 17:00.

Conclusion

With the joint efforts of all parties, this major security incident has been successfully resolved. The relevant teams express their heartfelt gratitude to the partners, users, and investors who provided support and assistance. At the same time, they emphasize that no sensitive user information has been obtained and that they have submitted a request to withdraw the case to the police.

This event reminds us once again that security is always a top priority in the rapidly evolving field of crypto finance. All parties should work together to build a more secure and reliable decentralized financial ecosystem.