We are in the consolidation area, I researched this project for over a month and I truly believe this project has a lot of potentials, so I expect a huge breakout to the upside, this year.
Comment:
This event caused a dump in the price, I don't know how their team gonna handle the issue.
Alpha Homora exploited for $37.5M
Leverage liquidity protocol Alpha Homora was the victim of a $37.5M exploit on Saturday.
The exploit involved the use of CREAM Finance's Iron Bank service, which gives out uncollateralized loans to trusted smart contracts. In Saturday's hack, an exploiter coded a contract that tricked Alpha Homora into believing it is their own contract. The exploiter then used this privileged access to trick CREAM Finance into lending out $37.5M worth of ETH and stablecoins.