Attacker drains $800K from DeFi protocol Sturdy Finance

Decentralized finance (DeFi) protocol Sturdy Finance has misplaced 442 Ether (ETH), value nearly $800,000 when writing, to a safety exploit. The attacker exploited a vulnerability that ultimately manipulated a defective value oracle, permitting them to empty funds from the protocol.

On June 12, blockchain safety agency PeckShield alerted Sturdy Finance and reported a transaction that gave the impression to be associated to cost manipulation. Virtually an hour later, the DeFi protocol stated that they have been conscious of the exploit and responded by pausing all their markets and assuring its customers that no extra funds have been in danger.

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