It is rare for thieves to leave their loot behind when escaping, but a hacker did precisely that after stealing more than $1 million from DeFi protocol Zeed.
The hacker exploited a vulnerability in the DeFi project to steal over $1 million and then locked it in a self-destruct contract, making it impossible for anyone to retrieve the stolen funds.
Zeed loses $1M
Blockchain security firm, BlockSec first detected the attack on the Zeed protocol and shared it around 8 PM UTC on April 21.
1/ What if rewards can be tripled?
Our system detected an attack transaction(https://t.co/xk8Tet2o0Q) that exploited the reward distribution vulnerability in ZEED on #BSC.@zeedcommunity @defiprime
— BlockSec (@BlockSecTeam) April 21, 2022
The hacker took advantage of the reward distribution mechanism on the DeFi lending protocol, which describes itself as a “decentralized financial integrated ecosystem.”
The vulnerability allowed the hacker to mint extra tokens and sell them, thereby crashing t
We współpracy z: https://cryptoslate.com/hacker-self-destructs-1m-loot-gained-from-defi-exploit/
