The Exactly Protocol, an attempt to “decentralize the credit market” built on the Optimism layer-2 network, was exploited. The protocol announced a pause to investigate a security issue, after they were alerted to suspicious transactions.An attacker has siphoned more than 7,160 ETH (~$12 million) from the project, which they’ve bridged back to the Ethereum main chain. The Exactly Protocol’s TVL plunged from $37 million to under $12 million following the attack.Exactly writes on their website that they had been audited by four different firms: Chainsafe, Coinspect, ABDK, and Cryptecon.

Total loss estimated at $12,000,000.