A known maximal extractable value (MEV) white hat actor intercepted about $2.6 million in crypto assets stolen from Morpho Labs’ decentralized finance (DeFi) protocol.
On April 10, Morpho Labs implemented a front-end update on its Morpho Blue application. A day later, a hacker breached an address through a vulnerability caused by the update. Blockchain security firm PeckShield reported that an address lost $2.6 million due to the vulnerability.
However, the security firm noted that “c0ffeebabe.eth,” a known white hat MEV operator, had front-run the transaction, effectively intercepting the stolen funds.
At the time of writing, the funds had been transferred to a different wallet address. It’s unclear whether the funds have yet been returned to their original owner.
Morpho Labs reverts front-end update
Responding to the incident, Morpho Labs reversed its front-end update. In a post on X on April 11, the team confirmed it had been alerted to the issue and rolled back the
We współpracy z: https://cointelegraph.com/news/white-hat-intercepts-2-million-morpho-blue-hack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
