On Thursday, March 28, Prisma Finance, a decentralised lending protocol operating on the Ethereum network, fell victim to a hacking incident.

The attacker managed to siphon off approximately 3,257.7 ETH (CRYPTO:ETH), valued around $11.6 million at the time, leveraging a flash loan attack.

Following the malicious activity, on Friday, March 29, the hacker proceeded to move a portion of the stolen funds to various cryptocurrency platforms.