The Prisma Finance protocol experienced a hack on March 28th, resulting in a loss of 11.6 million dollars worth of 3,257.57 ETH. The attacker exploited vulnerabilities in two versions of MigrateTroveZap contracts. As a response, the attacker, self-identifying as a White Hacker, demanded the team to reveal their identities in a live broadcast and improve security measures within the protocol.

The attacker stated that if the conditions are met, compensation would be provided to the victims. The team is given a deadline to delete certain terms from their statements and fulfill the demands. This unusual situation has raised questions about security measures and responsible behavior within the DeFi community.