Another DeFi lending protocol has become the victim of hackers as Sturdy Finance lost more than $760,000 worth of users' assets. Is something broken in DeFi lending?
Balancer stated that an issue was found in five of their pools. Developers took actions to reduce risks and eliminate the issue. Balancer asked the liquidity providers of vulnerable pools to withdraw their funds in order to avoid losses.
Balancer Protocol was exploited through a tiny rounding bug in its code. As losses neared $100 million, projects froze pools, rolled back blockchains, and clawed back funds—revealing the centralized and still untamed side of decentralized finance
Balancer Protocol was exploited through a tiny rounding bug in its code. As losses neared $100 million, projects froze pools, rolled back blockchains, and clawed back funds—revealing the centralized and still untamed side of decentralized finance
Another DeFi lending protocol has become the victim of hackers as Sturdy Finance lost more than $760,000 worth of users' assets. Is something broken in DeFi lending?
Balancer stated that an issue was found in five of their pools. Developers took actions to reduce risks and eliminate the issue. Balancer asked the liquidity providers of vulnerable pools to withdraw their funds in order to avoid losses.
