Published: 02.05.2022
Article reading time:
1 min.
An unknown person exploited a vulnerability in smart contracts for multiple operations of the Rari Capital decentralized finance platform.
Blockchain Security Specialists at BlockSec reportedthat the hacker withdrew approximately $80 million worth of assets from the platform. Since Rari Capital provides a platform for creating loan offers, users of other, third-party projects also lost funds.
For example, the Fei protocol developers used the Rari Capital platform. It is a decentralized stablecoin whose value is pegged to the US dollar. The Rari platform has been used for Fei user deposits as well as stablecoin lending.
The Rari Capital team acknowledged the hack and suggested hacker to return the funds in exchange for a bonus of $10 million.
Note that this is not the first Rari Capital hack. Last spring, hackers stole 2,600 ether from the project’s liquidity pool.
Source: Bits
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