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Cryptela — Cryptocurrency News and Market Intelligence
cryptonews 2022-12-12 14:25:00

This DeFi Protocol Just Got Hacked for $6.9 Million – Here’s What Happened

Lodestar Finance, a DeFi protocol built on Ethereum’s Arbitrum network, lost $6.9m in an exploit over the weekend where an attacker was able to manipulate a price oracle. In a statement published on Sunday, the team behind Lodestar admitted that the hack has created “a bad situation” and that “options are limited.”... Read More: This DeFi Protocol Just Got Hacked for $6.9 Million – Here’s What Happened
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