DeFi Lender Fei Protocol Suffers $80M Security Breach - BitcoinEthereumNews.com
TeknolohiyaAng DeFi Lender Fei Protocol ay Nagdusa ng $80M Security Breach04 / 30 / 2022Balita ng Ethereum ng Bitcoin Fei protocol, an Ethereum-based decentralized exchange, has suffered an extensive security breach a year after it merged with RAri Capital, a lending and borrowing protocol, smart contract analysis firm Blocksec reported sa Sabado. Fei Protocol Losses $80M to Hackers According to Blocksec, multiple pools related to Fei Protocol and RAri Capital were exploited and more than $80 million worth of crypto assets were stolen. The blockchain security firm also noted that the attack was inspired by a re-entrance vulnerability. A re-entrance attack occurs when a smart contract is intercepted from executing transactions and then a fresh transaction is initiated and finally directed to a different wallet. Following reports of the attack, Fei Protocol anounced that they are aware of the security breach, noting that all activities have been suspended temporarily on the affected pools to mitigate further damage. The project also offered a $10 million bounty to the hackers to return the stolen funds. Although the attackers are yet to respond to Feis request, Lei Wu, chief technical officer at Blocksec, disclosed that the hackers had already moved part of the funds to Tornado Cash, a platform