The Spartan Protocol tweeted about the exploit four hours after it took place, by which time the hackers had already withdrawn part of his profit using Anyswap.
“Four hours elapsed between the first and last attack and another four between the last attack and the Spartan Protocol tweet about this exploit,” said research analyst Igor Igamberdiev on Twitter.
“This suggests that the attacker chose a perfect time, which did not allow the team to react in time.”
Why It Matters: The Spartan hack is one of the largest DeFi hacks in history, ranking 6
th in Rekt’s leaderboard of most significant exploits to date.