Cardano's Optim Finance loses OADA pool liquidity in exploit
- —On September 13, OADA and ADA tokens in the Splash pool came under the attacker's control
- —No liquidity remains in any OADA pool, and the protocol's operations are suspended
- —Splash TVL on September 13 was about $3.3 million, Cardano DeFi TVL was $55 million
- —OADA supply is just over 4 million coins
Why it matters: OADA and O token holders risk losing funds: OADA has no direct redemption path into ADA other than swapping through the emptied pool.
Source: Bits.media