Optimism Loses 20M Tokens Due to Exploitation of L1 and L2 Confusion

Jun 13, 2022

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Optimism Loses 20M Tokens Due to Exploitation of L1 and L2 Confusion

Originally posted here.
By: Adewumi Victor


The honeymoon period of the newly launched Optimism layer-2 scaling solution has been cut short after the market maker’s smart contract address was exploited. This exploitation has led to the loss of 20 million OP tokens. Although the exploit happened on May 26, it was only reported to the community recently. One million tokens valued at $1.3 million were sold on Sunday. In comparison, another one million tokens valued at $730,000 were transferred to Vitalik Buterin’s Ethereum address on Optimism on June 9 at around 12:26 am UTC. The remaining tokens are dormant right now but could be …

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