---
title: "Prisma Finance exploited for $10 million"
url: https://diffcoin.com/prisma-finance-exploited-for-10-million/
description: "Prisma Finance has been exploited for around $10 million worth of cryptocurrencies on March 28.On-chain security alert provider Cyvers was the first to…"
published: 2024-03-28
updated: 2024-03-28
author: "Mila"
site: "Diffcoin"
---

# Prisma Finance exploited for $10 million

Prisma Finance has been exploited for around $10 million worth of cryptocurrencies on March 28.

On-chain security alert provider Cyvers was the first to detect the anomaly, according to a March 28 [X](https://twitter.com/CyversAlerts/status/1773312535338340598) [post](https://twitter.com/CyversAlerts/status/1773312535338340598):

“Our system has detected multiple suspicious transactions with @PrismaFi and still ongoing! Total loss so far is around $9M. The attacker has been funded by @FixedFloat! Our system has detected the malicious contract 2 min earlier than hack transactions!”

Shortly after the initial alert, Cyvers [detected](https://twitter.com/CyversAlerts/status/1773323085329973395) another $1 million fraudulent transactions, bringing the total amount of exploited funds near $10 million.

Prisma Finance said that its core engineers and contributors will pause the protocol and investigate, according to a March 28 [X](https://twitter.com/PrismaFi/status/1773316945430852058) [post](https://twitter.com/PrismaFi/status/1773316945430852058).

Prisma is a decentralized liquid staking token protocol with over $222 million in total value locked (TVL) according to DefiLlama.

***Related:*** ***Funds hacked in 2024 increased by 15.4% vs. the same period in 2023 — Immunefi***

This is a developing story, and further information will be added as it becomes available.

[Source link](https://cointelegraph.com/news/prisma-finance-exploited-10-million)