EraLend exploited for $3.4 million

The EraLend crypto lending platform was exploited for around $3.4 million after an attacker took advantage of a re-entrancy vulnerability to manipulate token prices and drain funds from the project. The thief then quickly distributed the stolen funds across various wallets and blockchains.

EraLend paused various functions of their protocol while they investigated the attack, and said they were working with various security research organizations and law enforcement to investigate the theft.

The BlockSec security research firm warned other projects that re-used a portion of code to be cautious if they re-used a portion of code from SyncSwap, because they could also be vulnerable.