The Decentralized Finance (DEFI) Platform Cork Protocol has experienced a wise contract exploitation, along with hackers reported stealing $ 12 million worth of staked ether (Wsteth).
Blockchain Security Monitor Cyvers The exploitation was noticedstating that the malicious contract is deployed by a purse that is likely to be funded by a service provider.
It added that $ 12 million worth of Wsteth was quickly replaced for ETH.
The Cork Protocol received investments from A16Z Crypto and Orangedao in September 2024.
“There was a security incident affecting the Wsteth: Weeth Market at 11:23 UTC today,” Cork wrote to X.
Cork added that all other markets have been paused as cautioned and investigates the root cause.
SECURITY AUDITING COMPANY DEBAUB write That the attacking is likely to manipulate an issue with the exchange rate of wise contact by the release of fake tokens.
