News with the tag "Cork Protocol"

BitcoinWorld Shocking $12M Smart Contract Exploit Rocks Cork Protocol The world of decentralized finance (DeFi) faced another stark reminder of its inherent risks recently, as Cork Protocol became the target of a significant smart contract exploit . Reports confirm a staggering $12 million was drain...

Cork Protocol, a decentralized finance (DeFi) platform, has recently experienced a serious security breach. On Wednesday, the team announced that an attacker stole about $12 million of wrapped staked Ethereum (wstETH). The attacker took advantage of a weakness in the platform’s system to carry out t...

Exploits and hacks returned with the general recovery of DeFi projects. The latest registered exploit took $12M from Cork Protocol. Cork Protocol lost $12M due to a malicious smart contract, with outflows intercepted by Cyvers Alerts. Hacks against DeFi and DEX platforms accelerated in the past week...