Adding to the growing number of decentralized finance (DeFi) protocol hacks in the crypto industry, Jimbos Protocol is the latest to suffer an attack resulting in a significant loss of funds.

According to blockchain security firm PeckShield, Jimbos Protocol — the liquidity protocol of the Arbitrum — was hacked on the morning of May 28. The attack resulted in the loss of 4,000 Ether , worth approximately $7.5 million at the time.