Arbitrum (ARB)-based decentralized finance (DeFi) protocol Concentric.fi (CONE) was cyber-attacked.
Reported by on-chain security firm PeckShieldAlert to data according to Concentric.fi (CONE) was cyber attacked. Native token of the project with the attack CONE lost around 60% of its value.
No information was given by the team about the attack in question. explanation, 22 January 14.50 CEST It was done in the waters. While the team only stated that they were attacked in their first statement, The protocol should not be interfered with. he emphasized.
Then, about 1 hour later, a more detailed report The Concentric.fi front, which shares the attackers’ that he targeted one of his team members. and this person phishing link-like It was emphasized that it was hacked by some method.
In the details of the statement, it is stated that the attackers thus by providing unauthorized access to the protocol minted new LP tokens It was emphasized that he then took advantage of this feature to empty the assets in the safes.
Team, While not making a clear statement about the amount of stolen assets He simply stated that rescue efforts were continuing.
According to CoinGecko data, with the impact of the attack 60% CONE, which lost value, $1,912 from level to $0.765 decreased by . CONE during writing from $0.79 is being traded.