The DeFi project Pickle Finance was attacked and lost 20 million DAI
Rhythm BlockBeats news, on November 21, a vulnerability in the DeFi project Pickle Finance was exploited by attackers, and nearly $20 million in DAI was lost. According to the analysis, the attackers took advantage of the DAI pJar strategy involving Pickle Finance (which utilizes the Compound protocol to obtain returns through DAI deposits). Currently, funds have been transferred to address 0x7017...a4E08. At present, the official is investigating the incident and hopes that LP will withdraw the funds as soon as possible.
As of press time, the price of Pickle Finance tokens has fallen below $10, a drop of nearly 55% within 24 hours.
It is understood that in September this year, The Pickle protocol had a procedural problem due to team communication errors, which affected users who made withdrawals from the token pool before block 10958758. Subsequently, Pickle Finance is fully audited by MixBytes.
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