Ethereum-based DeFi protocol SIR.trading, also known as Synthetics Implemented Right, has been hacked, resulting in the loss of its entire total value locked (TVL) — $355,000 at the time of the attack. 

The March 30 hack was initially detected by blockchain security firms data-ct-non-breakable=”null” href=”https://x.com/TenArmorAlert/status/1906268185046745262″ rel=”null” target=”null” text=”null” title=”null”> TenArmorAlert and data-ct-non-breakable=”null” href=”https://x.com/DecurityHQ/status/1906270316935942350″ rel=”null” target=”null” text=”null” title=”null”> Decurity, both of which posted warnings on X to alert users of the protocol.

The protocol’s founder, known only as Xatarrer, described the hack as “the worst news a protocol could received [sic],” but suggested the team intends to try to keep the protocol…

Ethereum-based DeFi protocol SIR.trading, also known as Synthetics Implemented Right, has been hacked, resulting in the loss of its entire total value locked (TVL) — $355,000 at the time of the attack. 

The March 30 hack was initially detected by blockchain security firms data-ct-non-breakable=”null” href=”https://x.com/TenArmorAlert/status/1906268185046745262″ rel=”null” target=”null” text=”null” title=”null”> TenArmorAlert and data-ct-non-breakable=”null” href=”https://x.com/DecurityHQ/status/1906270316935942350″ rel=”null” target=”null” text=”null” title=”null”> Decurity, both of which posted warnings on X to alert users of the protocol.

The protocol’s founder, known only as Xatarrer, described the hack as “the worst news a protocol could received [sic],” but suggested the team intends to try to keep the protocol…