NFT lending protocol Gondi says platform secured after $230K exploit

Gondi said only the Sell & Repay smart contract was affected and that it is safe to continue buying, selling, trading and listing NFTs on the platform.

Nonfungible token platform Gondi said it has disabled the faulty smart contract that allowed a hacker to steal $230,000 worth of NFTs from the protocol, adding it is now in the process of compensating affected customers.

Gondi said in an X post on Monday that the hacker exploited the “Sell & Repay” contract, which lets borrowers sell escrowed NFTs and automatically repay loans on the platform.

Gondi noted that an updated version of that contract was deployed on Feb. 20 but didn’t confirm how the hacker managed to exploit it. Gondi said no other part of the platform was affected by the exploit.

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