Ethereum DeFi project ‘ForceDAO’ gets hacked hours after launch

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ForceDAO, a shiny new decentralized finance (DeFi) project, got attacked by five hackers this morning, reviving concerns around the highly experimental sector and the seemingly unending amounts of money flowing into hours-old projects.

ATTENTION
Our team is aware of the xFORCE contract exploit and has identified the nature of the issue.
There are no further funds available on the xFORCE contract to be exploited.
All other vaults are safe.
We will provide a post-mortem and next steps over the coming hours.
— Force (@force_dao) April 4, 2021

Another day, another DeFi hack
The Ethereum-based project fashions itself as a decentralized autonomous organization (DAO) for ‘quant finance.’ It aims to leverage high returns from yield-bearing DeFi protocols and produce superior returns by adhering to community-proposed strategies and rewarding the strategists with powerful incentives.

This seems to be the exploiter for $XFORCEhttps://t.co/WS649tJ1Fe
> Minted $XFORCE> Withdrew $FORC

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Źródło: https://cryptoslate.com/ethereum-defi-project-forcedao-gets-hacked-hours-after-launch/

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