Hackers stole over $12 million worth of cryptocurrency from the Cork Protocol DeFi platform, leading to a temporary pause in all platform activities. Several blockchain security firms indicate that approximately 4,530 ETH was stolen, highlighting ongoing risks in decentralized finance. #CorkProtocol #DeFiTheft
Keypoints
- The Cork Protocol experienced a security breach resulting in the theft of around $12.1 million in ETH.
- All trading activity on the platform has been paused to prevent further damage.
- The attack specifically targeted the wstETH:weETH market, with other markets unaffected.
- This incident is part of a rising trend of large-scale crypto thefts in 2024, with losses surpassing $3 billion.
- Security experts warn that DeFi platforms remain vulnerable to sophisticated hacking attacks.
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