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Notional Finance Escrow Contract Hit by $1.7M Exploit Amid Ethereum Price Fears

Guavy AI Editorial Team
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A DeFi protocol called Notional Finance has been hit by an exploit that drained $1.7 million in DAI and USDC from its escrow contract.

The attacker used PeckShieldAlert's warning to convert the funds into 689.2 ETH, which were then deposited into TornadoCash.

This event is notable for its rapid conversion of funds into Ether amid ongoing debates about Ethereum's price prediction and Bitcoin volatility analysis that often precede crypto market crash fears.

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