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Bitcoinist

2021-02-09 16:46:22

Warp Finance Re-Launches After Successful Reimbursement of Hacked Funds

Warp Finance Re-Launches After Successful Reimbursement of Hacked Funds

Warp Finance, a protocol enabling liquidity provisioning (LP) tokens to be used as collateral for stablecoin loans, is re-launching after a successful recovery and reimbursement of hacked funds. This novel platform was the unfortunate victim of a flash loan attack, an increasingly prevalent problem in the decentralized finance (DeFi) space whereby hackers are able to essentially cheat the protocol and pull large amounts of money out of it. Warp carried out a quick and sweeping […]

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