Cork Protocol Suffers Major Exploit as $12M in Wrapped ETH Disappears

TL;DR Cork Protocol, a DeFi platform for trading risks related to pegged assets, was hit by an exploit that led to the theft of 3,762 wstETH, worth over $12 million. The malicious contract was deployed on May 28 and exploited a vulnerability in the protocol’s exchange rate calculation system. Despite the attack, the crypto community. . . source: https://crypto-economy.com/cork-protocol-suffers-major-exploit-as-12m-in-wrapped-eth-disappears/