Decentralized finance (DeFi) Sturdy Finance protocol misplaced 442 Ether (ETH), price practically $800,000 on the time of writing, to a safety exploit. The attacker exploited a vulnerability that finally manipulated a defective worth oracle, permitting them to empty funds from the protocol.
On June 12, blockchain safety agency PeckShield alert Sturdy Finance and reported a transaction that seemed to be associated to cost manipulation. Practically an hour later, the DeFi protocol stated it was conscious of the exploit and responded by pausing all of its markets and assuring its customers that no further funds had been in danger.
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