An attacker was able to manipulate the exchange rate between tokens and their interest-bearing equivalents on the Hundred Finance system on the Optimism <button class="define-target" id="layer-2">layer-2</button> network, ultimately siphoning around $7.4&nbsp;million from the project.<p>Hundred Finance announced that they were trying to communicate with the attacker to try to convince them to return some of the funds.</p><p>This was not the first exploit to impact Hundred Finance: in March 2022, both Hundred Finance and Agave Finance were <a href="https://web3isgoinggreat.com/?id=hundred-finance-and-agave-finance-are-both-exploited-for-a-collective-12-million" target="_blank">targeted with a flash loan attack</a> by a hacker who stole a total of $12&nbsp;million from the two projects.</p>

Web3 is Going Just Great

Hundred Finance exploited for $7.4 million