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DeFi Platform Rari Capital and Fei Protocol Lose $80M in Hack
Summary: On Saturday, Fei Protocol informed its investors about an exploit across numerous Rari Capital Fuse pools while requesting the hackers to return the stolen funds against a $10 million bounty and a “no questions asked” commitment, according to cointelegraph. While the exact losses from the exploit were not officially released, DeFi investigator BlockSec’s monitoring system ...
On Saturday, Fei Protocol informed its investors about an exploit across numerous Rari Capital Fuse pools while requesting the hackers to return the stolen funds against a $10 million bounty and a “no questions asked” commitment, according to cointelegraph.
While the exact losses from the exploit were not officially released, DeFi investigator BlockSec’s monitoring system detected a loss of more than $80 million — citing the root cause as a typical reentrancy vulnerability.
Upon further investigations, Rari developer Jack Longarzo revealed a total of six vulnerable pools (8, 18, 27, 127, 144, 146, 156) that have been temporarily paused while an internal fix is underway. Rari’s internal and external security engineers partnered with DeFi service provider Compound Treasury to further investigate and neutralize the hack.
By Amy Liu
Tags: DeFi,Fei Protocol,Hack,Rari Capital
Link: DeFi Platform Rari Capital and Fei Protocol Lose $80M in Hack [Copy]
