An unknown person hacked the decentralized stablecoin exchange and assets surrounding Saddle Finance. The hacker has mined more than $10 million in Ethereum.

The project team said they are investigating the incident. Withdrawals from some pools have been suspended.

The team is investigating a potential vulnerability and pausing pool withdrawals

— Saddle (@saddlefinance) April 30, 2022

first hack discovered BlockSec, a cybersecurity company specializing in the DeFi industry. Its specialists were able to save $3.8 million in Saddle Finance funds.

white hat hackers @BlockSecTeam He managed to secure $3.8 million. The team is in contact with them to return the funds

— Saddle (@saddlefinance) April 30, 2022

PeckShield has calculated that since the beginning of 2022, the loss of DeFi protocols from attacks is $1.57 billion.

#PeckShieldWarning As of May 1, 2022, the exploits generated $1.57 billion in revenue from DeFi, which has already surpassed the $1.55 billion stolen by the exploiters throughout 2021. pic.twitter.com/QIjAmPBLXs

— PeckShieldAlert (@PeckShieldAlert) May 1, 2022

Recall that on May 1, a hacker pulled about $ 80 million worth of assets from the loan pools of Rari Capital.

In April, the $181 million Beanstalk Farms hack was the largest in the industry in terms of damage, with the hacker receiving approximately $76 million.