The attacker took advantage of the vulnerability in the Cork Protocol Defi Protocol Defi Protocol smart control and abducted $ 12 million in cryptocurrencies. This was reported by Cyvers Alerts specialists.
🚨ALERT🚨OR SYSTEM HAS IDentified A $ 12M Smart Contract Exploit, with @CorkProtocol Potentially The Victims.
A malicious contraact was dePloyed on May 28, 2025 AT 11:23:19 UTC by An Address Funded by 0x4771 … 762b (Likely a Service Provider).
Just 16 Minutes and 45 Seconds … pic.twitter.com/72scizbjpz– 🚨 Cyvers alerts 🚨 (@cyversalerts) May 28, 2025
On May 28, the hacker launched a malicious contract. In less than 17 minutes, he brought 3761.87 Wsteth and immediately exchanged them for Ethereum. The stolen funds have not yet moved.
The Cork team confirmed the incident and suspended the work of all contracts. The developers are investigating and promised to report the details later.
We are Investigating a Potential Exploit and Are Pausing All Contracts. We Will Report Back with More Information As Soon as Possible.
– Cork Protocol (@corkprotocol) May 28, 2025
The project offering a tool for the risks of the dispatcher unfolded Meinnet on the Ethereum network on March 4. Lido Finance and Ethena Labs became launch partners.
🍾 Cork Has Launched Its Beta on Ethereum Mainnet!
We’re Introducing a New Defi Primitive that tokenizes the Risk of DEPEG EVENTS.
With Our Key Launch Partners @lidofinance, @ether_fi, @ethena_labsand @skyecosystemCork IS Initiatating a New Phase of Defi Defined by More … pic.twitter.com/emdpcdnmt
– Cork Protocol (@corkprotocol) March 4, 2025
On May 22, attackers attacked the dex Cetus pools on the Sui network. The platform team offered a hacker $ 6 million for a return of 20 920 ETH.
Dedaub specialists explained by hacking a vulnerability in checking the liquidity parameters of an automatic market maker.
Later, the SUI validators approved the restoration plan of $ 162 million Cetus users. Voting will end on June 3.
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Source: Cryptocurrency
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