Equilibria, a Pendle-based yield amplification protocol, reported on November 21 that its EQB liquidity pool on Arbitrum has been compromised. An unknown address has withdrawn all liquidity assets from the pool, BlockBeats reports.
Preliminary investigations suggest that a phishing attack victimized a liquidity-providing address, enabling the attackers to drain the EQB liquidity pool on Camelot. The Equilibria team assured users that this address is an independent EOA (Externally Owned Account) and has no association with any Equilibria contract.
The team confirmed the safety of all funds on the Equilibria platform and is conducting an extensive investigation to identify and compensate the affected users. They also promised to deploy a new liquidity pool as swiftly as possible.
The incident underlines the importance of robust security measures in DeFi operations and the need for users to exercise caution in their interactions with online platforms. More information is expected as the investigation progresses.
