Two Blokes

Cork Protocol Suffers Major Exploit as $12M in Wrapped ETH Disappears

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    Posted by Two Blokes May 28 - Filed in Crypto - 7 views
    TL;DR Cork Protocol, a DeFi platform for trading risks related to pegged assets, was hit by an exploit that led to the theft of 3,762 wstETH, worth over $12 million. The malicious contract was deployed on May 28 and exploited a vulnerability in the protocol's exchange rate calculation system.