Ethereum DeFi Lender Hit by $1.5M Attack

Purrlend Faces $1.5 Million Exploit on MegaETH and HyperEVM

• Purrlend, a DeFi protocol on HyperEVM, was exploited for an estimated $1.5 million.
• The attack was first identified by Kirby Ong of HypurrCollective.
• Approximately $1.2 million was stolen from HyperEVM and nearly $325,000 from MegaETH.
• The attacker seized nearly $450,000 in USDC, $214,000 in USDT0, and close to $195,000 in USDH.
• Purrlend has paused operations to investigate the irregular activity detected on the protocol.

Purrlend has temporarily halted its operations following a significant exploit resulting in losses of approximately $1.5 million across MegaETH and HyperEVM networks. The incident highlights ongoing security challenges within the DeFi sector.