DeFi platforms RariCapital and feiprotocol lose $80 million to a hacker, but a solution has been suggested. crypto hacking WuBlockchain
The reason cited by Wu is a re-entrance vulnerability which can often be exploited. A re-entrance attack takes place when an execution of a smart contract gets interrupted in the middle and then initiated from the beginning once again .
A famous example of such an attack was the DAO hack in June 2016, when over $60 million in Ethereum was stolen.Fei Protocol also posted a tweet, saying that they are aware of the exploit on multiple Rari Fuse pools. They have suspended all borrowing operations on them to prevent further stealing of funds. The author of the tweet has offered theto keep $10 million from the stolen crypto as a bounty and return the rest of the funds that belong to their users.
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.
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