Another decentralized finance (DeFi) platform has fallen victim to hackers, with an estimated $120 million stolen in a recent attack. The exploit targeted a vulnerability in the protocol’s smart contract, allowing the attacker to drain multiple liquidity pools. Investigators believe the hacker used a flash loan to manipulate the system and cover their tracks. This breach highlights ongoing security challenges in the DeFi sector.
Key Details:
- Affected platform: [Protocol Name] (to be confirmed)
- Funds primarily stolen in ETH and stablecoins
- Investigation underway with blockchain security firms like CertiK
What’s Next?: The community is demanding stronger audits and proactive security measures in DeFi protocols to prevent future attacks.