🚨 CORK PROTOCOL HACKED FOR $12M—CONTRACTS PAUSED! 🚨#WhaleJamesWynnWatch
🔹 Exploit Time: May 28 at 11:23:19 UTC—attacker drained 3,761 wstETH (~$12 million) from Cork Protocol’s smart contracts $WCT #BinanceHODLerSOPH
🔹 Immediate Response: All contracts have been paused as Cork co-founder Phil Fogel investigates the exploit and works on a recovery plan $CETUS #Bitcoin2025
🔹 Asset Conversion: Stolen wstETH was quickly swapped for ETH, underscoring the need for rapid on-chain monitoring
🔹 Industry Impact: This hack marks another major DeFi security breach in 2025, following Cetus’s $223 million loss—calls for stronger audits are growing $NIL #TrumpMediaBitcoinTreasury
📊 POLL: Should DeFi protocols auto-pause contracts at the first sign of an exploit?#BinanceAlphaAlert
· ✅ Yes—protect funds immediately
· 🚫 No—pauses can disrupt users
💬 Your Take: Drop your emoji & tag @FaisalCrypto007 !
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