Sentiment, an unsecured lending protocol, appears to have been mined on April 4 for more than $500,000 worth of cryptocurrency. Data from the Ethereum blockchain shows a transaction that transferred 536,738.410031 USD Currency (USDC) from the Synapse Bridge, and this links to a series of Arbitrum transactions sewer system Sentiment protocol coins.
The wallet carrying out the attack has been labeled a "Sentimentxyz Exploiter" by Arbiscan, and the Sentiment team has announced on Twitter that they are aware of a "potential issue" with the protocol.
The Sentiment team has recently become aware of a potential issue with the Sentiment protocol. We are actively investigating the situation and will provide additional information momentarily.
โ Feeling (@sentimentxyz) April 4, 2023
Twitter user Officer's Notes has He suggested that this may be a reentrancy attack. The user relied on research by @FrankResearcher to come to this conclusion.
The Sentiment team has not yet stated what steps are being taken to stop the attack or what users need to do to mitigate the risk.
This is a developing story, and more information will be added as it becomes available.
