Cyvers in the News

Cork Protocol hacked for $12M, smart contracts paused

Cybersecurity firm Cyvers said the hack occurred at 11:23:19 UTC and was funded by an address ending in “762B.” According to the firm, the attacker used the exploit to steal roughly 3,761 Wrapped Staked Ether (wstETH), which was converted to Ether ETH$2,517 almost immediately after the attack.

DeFi Platform Cork Protocol Suffers $12M Smart Contract Exploit

Decentralized finance (DeFi) platform Cork Protocol has suffered a smart contract exploit, with hackers reportedly stealing $12 million worth of wrapped staked ether (wstETH).

Exploits and hacks returned with the general recovery of DeFi projects. The latest registered exploit took $12M from Cork Protocol.

Cork Protocol lost $12M due to a malicious smart contract, with outflows intercepted by Cyvers Alerts. Hacks against DeFi and DEX platforms accelerated in the past week, tapping the growing liquidity.