Breaking: 'All funds are in danger' — Steadefi exploited in ongoing assault

Decentralized finance (DeFi) app Steadefi was exploited for a minimum of $334,000 on Aug. 7 in an ongoing assault. The app’s improvement workforce has mentioned in a social media put up that the assault at present “places all funds in danger.” The app’s complete worth locked (TVL) has plummeted because of the assault, in keeping with information from DeFiLama.

The Steadefi workforce posted a message to Twitter stating: “NOTICE: Steadefi has been exploited and all funds are at present in danger.” Additionally they confirmed that an on-chain message has been despatched to deal with 0x9cf71F2ff126B9743319B60d2D873F0E508810dc on in an try to barter with the attacker. Blockchain information reveals that numerous massive inflows got here into this tackle on the chain, starting at 4:41 p.m. UTC.

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