DeFi
DeFi Security Scare: Major Protocol Outflows
Heads up - word is a major exploit was just patched in a top-tier lending protocol, but the devs are keeping it quiet to prevent a bank run. I’m seeing huge outflows to cold storage in the last hour.
Heads up - word is a major exploit was just patched in a top-tier lending protocol, but the devs are keeping it quiet to prevent a bank run. I’m seeing huge outflows to cold storage in the last hour. If you’ve got funds sitting in high-yield pools, you might want to de-risk for the next few hours while we wait for the official post-mortem. Stay safe out there, the rug potential is high right now.