Fantom-based Grim Finance Loses $30M to Alleged DeFi Exploit

Grim Finance, a DeFi protocol that labels itself as a “smart yield optimizer” built on the Fantom Opera network, has recently been exploited, with losses amounting to $30 million. Announcing the attack on Dec. 19, Grim Finance noted that the hack had been initiated by an ” external attacker”, stealing over $30 million worth of crypto from the platform.