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The Post-Mortem of the hack on Vector Finance 📝💔
The Vector Finance team (hacked for $40M) has published its post-mortem analysis. They confirm that the hacker exploited a vulnerability in a custom and outdated price oracle contract.
They announce a compensation plan for users, which will be funded in part with the $15M returned by the hacker (who kept 10% as a "reward") and with funds from the protocol's treasury.
#DeFi #Hack #Seguridad #VectorFinance #Arbitrum $BTC
The Vector Finance team (hacked for $40M) has published its post-mortem analysis. They confirm that the hacker exploited a vulnerability in a custom and outdated price oracle contract.
They announce a compensation plan for users, which will be funded in part with the $15M returned by the hacker (who kept 10% as a "reward") and with funds from the protocol's treasury.
#DeFi #Hack #Seguridad #VectorFinance #Arbitrum $BTC
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Hack Vector Update: Failed Negotiations! ❌👨💻
Bad news for Vector Finance users. The hacker, who had returned $15M, has just moved the remaining $25M through Tornado Cash (a transaction mixer).
This indicates that the negotiations have failed and that the attacker has no intention of returning the rest of the stolen funds. The $VEC token of the protocol has plummeted another 50% following the news. A tragic end to the vulnerability.
#DeFi #Hack #Seguridad #VectorFinance #Ciberseguridad
Bad news for Vector Finance users. The hacker, who had returned $15M, has just moved the remaining $25M through Tornado Cash (a transaction mixer).
This indicates that the negotiations have failed and that the attacker has no intention of returning the rest of the stolen funds. The $VEC token of the protocol has plummeted another 50% following the news. A tragic end to the vulnerability.
#DeFi #Hack #Seguridad #VectorFinance #Ciberseguridad
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