Arbitrum-based Jimbos Protocol, which was attacked for $ 7.3 million in the past days, made statements on the subject.
Just a few days after version 2 of the Jimbos protocol went live, it suffered a massive cyberattack. This $7.3 million exploit put both the protocol and the Arbitrum ecosystem back down. Explanations continue to come from the developers of the protocol about the events experienced. The developers, who stated that they evaluated the best ways for the project to progress in a healthy way, were a matter of curiosity about what moves they would take.
Quick update:
We are already working with multiple security researchers and on-chain analysts who helped with both the Euler Finance and Sentiment exploits.
We will start working with law enforcement agencies tomorrow by 4PM UTC if this isn’t sorted out by then.
— Jimbos Protocol (v2, soon) (@jimbosprotocol) May 28, 2023
Comments About the Attack From Jimbos Authorities
Authorities of Jimbos stated that they are working with security researchers to recover the lost funds. The same people who previously helped Euler Finance lose $200 million added that they would contact law enforcement if the attacker did not return the money within the day.
Jimbos had lost 4,090 Etheruem (ETH) as of Saturday night. Security analysts blamed it on the lack of drift control in the main contract. This led to the as yet unidentified attackers obtaining a $5.9 million loan and manipulating jimbo (JIMBO) prices.
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