DeFi BlockSec, a platform that performs security scans in its ecosystem, Rari Capital and the connected stablecoin platform Fei Protocol’s He announced that he was attacked by a hacker.
The losses of DeFi platforms were reported to be over $80 million. It was learned that hackers transferred the assets to their own wallets by using the “re-entrant” vulnerability on the platforms.
Attacks Confirmed on DeFi Platform’s Official Twitter Account
However, the attacks on Fei Protocol’s official Twitter account were also confirmed. Explaining that a vulnerability in Rari Fuse pools was exploited by hackers, the company said that they found the source of the problem and that all borrowing transactions were stopped to prevent further damage.
In addition, the company called for a deal with the hackers. The hackers, who managed to steal $80 million in assets, asked the company to return their assets in exchange for a $10 million reward. As it is known, all transactions made thanks to Blockchain technology will be visible to everyone, so it will be very difficult for hackers to send the stolen crypto money to a stock market and convert it into dollars.
We are aware of an exploit on various Rari Fuse pools. We have identified the root cause and paused all borrowing to mitigate further damage.
To the exploiter, please accept a $10m bounty and no questions asked if you return the remaining user funds.
— Fei Protocol (@feiprotocol) April 30, 2022
Instead, Fei Protocol offered a $10 million reward to hackers and stated that if their offer was accepted, hackers would not face any legal problems.
It is not yet known who carried out the attack.
As it is known, a short time ago, the Ronin network with Axie Infinity was hacked and $ 625 million worth of crypto money was stolen by hackers. It was claimed that North Korean hackers were behind this attack.
*Not investment advice.