🚨 Crypto Alert: Filament Finance Faces $572K Exploit! 🚨

• Filament Finance, a decentralized exchange on the Sei Network, recently encountered a targeted exploit, resulting in unauthorized fund withdrawals of approximately $572,000. The attack involved price manipulation through large order placements and self-liquidation.

• In response, Filament has paused trading and withdrawals, collaborating with law enforcement and blockchain experts to trace the stolen funds. The team is working with DeFi partners for asset recovery.

• A 10% white-hat bounty is offered to the attacker for the return of 90% of the funds.

Share your thoughts below! Can blockchain security evolve to prevent such exploits? 💬