Alpha Homora V2 Exploit Post Mortem
Alpha Finance’s Alpha Homora V2, our Iron Bank partner, was exploited by an attacker this past weekend. This event resulted in a loss of approximately ~$38M USD to the attacker. The additional debt accrued from the exploit is for Alpha Homora V2 to repay The Iron Bank, AKA C.R.E.A.M. V2. User funds are safe. The Iron Bank lending markets were briefly paused while the C.R.E.A.M. team investigated the exploit. As soon as Iron Bank smart contracts and markets were found to be functioning normally, the team quickly re-enabled these markets.