The DeFi protocol Lodestar Finance was attacked and plans to negotiate with the hacker to recover more funds

ChainCatcher message, based on Arbitrum's DeFi protocol Lodestar Finance, stated on social media that the protocol was exploited by hackers, depleting deposits, and the team has set all interest rates to 0. The attacker manipulated the exchange rate of the plvGLP contract to 1.83 GLP/plvGLP for profit and destroyed over 3 million GLP.

The profit from exploiting the vulnerability for the attacker is the stolen funds on Lodestar minus the GLP they destroyed, of which 2.8 million GLP is recoverable, worth approximately 2.4 million dollars. Lodestar Finance will attempt to contact the hacker to negotiate whether more funds can be recovered by offering a bounty for the vulnerability. (source link)