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DeFi Project Pickle Finance Exploited for Nearly $20M

Amy Liu

Summary: Decentralized finance protocol Pickle Finance lost almost $20 million in DAI in an exploit on Saturday.The exploit appears to involve Pickle Finance's DAI pJar product, which leverages the Compound protocol to harvest yield with DAI deposits. Funds from the exploit have been transferred to address 0x70178102AA04C5f0E54315aA958601eC9B7a4E08 where it currently sits. It is currently unclear how ...

Decentralized finance protocol Pickle Finance lost almost $20 million in DAI in an exploit on Saturday.The exploit appears to involve Pickle Finance's DAI pJar product, which leverages the Compound protocol to harvest yield with DAI deposits. Funds from the exploit have been transferred to address 0x70178102AA04C5f0E54315aA958601eC9B7a4E08 where it currently sits. It is currently unclear how this exploit happened. PICKLE's price is down nearly 40% at the time of this writing.

By Amy Liu

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