Sonne Finance: All Optimism markets have been suspended, and the Base market is safe
Sonne Finance, a native lending protocol based on Compound, announced on social media that all Optimism markets have been suspended, while the markets on Base are safe and more information will be provided in a timely manner. Earlier reports indicated that Sonne Finance, based on Compound's native lending protocol, was hacked and required careful inspection of its time lock contract, resulting in losses of over $20 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Update: Belief Phase Ends, Euphoria Looms Larger Than Ever
SHIB Price Dips 3.4% Amid Possible Reveal of Shiba Inu Creator’s Wallet
Bot Activity Fuels Solana’s $318B Transfer Volume — Will SOL Price Take a Hit?
Zircuit: ZRC token transfer restrictions will be lifted