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An ethical hacker has drained $1.59 million from the decentralized finance (DeFi) lending platform Tender.fi, leading the service to halt borrowing while it attempts to TND, the native token of decentralized-finance protocol Tender.fi, fell by 34% before recovering on Tuesday after the platform was hit by a white hat hacker. It looks like hacks and attacks on decentralized finance [DeFi] platforms were carried into 2025. While the year started off on a good note, rumors about the prominent DeFi TND, the native token of decentralized finance (DeFi) protocol Tender.fi, has slumped by 34% after the platform said it is paused borrowing on Tuesday. The token, which trades mostly on According to Numen Cyber’s on-chain monitoring, the attacker siphoned 198 ETH, USDC, 16 WBTC, 8798 UNI, DAI, USDT, FRAX, and TND, the native token of decentralized finance (DeFi) protocol Tender.fi, fell by 34% before recovering on Tuesday after a white hat hacker exploited $1.6 million from the TND, the native token of decentralized finance (DeFi) protocol Tender.Fi, has slumped by 34% after the platform announced that it paused borrowing Hacks in DeFi have become increasingly common, raising concerns about the safety and security of users’ funds. Recently, a prominent DeFi protocol, Tender.fi, has

DeFi Tender.fi TND Token Plunges 30% Amid Hack Rumors & $1.6M Exploit

Is your DeFi portfolio safe? The native token of decentralized finance protocol, Tender.fi (TND), has seen a significant drop. The TND token price plummeted by 34% before recovering slightly, a direct consequence of concerning hack rumors and a confirmed exploit impacting the platform.

An ethical hacker has drained $1.59 million from the decentralized finance (DeFi) lending platform Tender.fi. This incident forced Tender.fi to halt borrowing, sparking fear and uncertainty within the community. According to Numen Cyber’s on-chain monitoring, the attacker siphoned a significant amount of assets: 198 ETH, USDC, 16 WBTC, 8798 UNI, DAI, USDT, FRAX, and TND.

While initially reported as a white hat exploit, the community is now scrutinizing the event as a possible attack. The rapid drop in the TND token underscores the vulnerability of DeFi platforms and the potential for rapid value erosion when security is compromised. Hacks in DeFi have become increasingly common, raising concerns about the safety and security of users’ funds. Recently, a prominent DeFi protocol, Tender.fi, has become the latest victim.

The price drop highlights the risks associated with investing in DeFi projects. Many are asking if this signals a broader trend for 2025. Initial hopes for a smooth start to the year have been dashed, with rumors about the prominent DeFi TND project swirling. Investors are urged to exercise caution and thoroughly research any DeFi platform before investing. The platform paused borrowing on Tuesday after the incident.

We will continue to update this developing story as more information becomes available. Stay tuned for further details regarding the Tender.fi hack and the future of the TND token. The question remains: can Tender.fi recover from this blow, and what steps will it take to restore user confidence?

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