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This morning #EULER DeFi protocol was exploited & a small portion of #SwissBorg’s Smart Yield Program was impacted. Fortunately, we have been preparing for years for these scenarios and our users will not suffer any loss from this event. 😇 🧵:
1/ The DeFi Protocol @eulerfinance has been exploited, unfortunately, the #SwissBorg Earn strategies for USDT & ETH have been partially affected by the exploit. Fortunately, the extent of the damage is minimal thanks to our Risk Management Procedure. 💪🏽
2/ The ETH Earn strategy has suffered from a loss of approximately 1617.23 ETH (or only 2.27% of the total assets subscribed to the program).
