DeFi vulnerability leading to $6.7M exploit ‘not detected’ by auditors

by Aurelia Butler 13 November 2023, 18:40 99 Views

According to the project’s Nov. 13 post-mortem report, a few days prior, a hacker borrowed 6,000 Coinbase-wrapped staked Ether (cbETH) on decentralized finance protocol Aave, transferred the sum to Raft, and minted 6.7 million Raft stablecoin, dubbed “R,” using a smart contract glitch.

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Source: Cryptocurrency - investing.com

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DeFi vulnerability leading to $6.7M exploit ‘not detected’ by auditors

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