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Multiple DeFi Lenders on Coinbase's Base Hacked, Resulting in Millions Lost

DeFi lender Exactly Protocol on Optimism lost over $12 million due to smart contract vulnerabilities that hackers exploited. RocketSwap, the second largest DEX on Coinbase's Base, was also hacked for 471 ETH earlier this week. SwirlLend, another DeFi lending protocol, ended up being a rug with their team running off with 277 ETH after draining the protocol's pools.

Despite the mess, Base assets have jumped from zero to more than $160 million since August 8, according to DeFiLlama data. Exactly Protocol's EXA token is down more than 20% in the last 24 hours, and its deposits have decreased from over $110 million to $30 million, according to Dune Analytics data.

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