Morpho Blue Vulnerability Leads to $2.6 Million Loss

According to PANews, a vulnerability in the Morpho Blue front-end has reportedly led to an attack resulting in a loss of approximately $2.6 million. PeckShieldAlert identified that the transaction was executed by a well-known on-chain arbitrageur, c0ffeebabe.eth, who managed to frontrun the attack. The funds were ultimately transferred to the address 0x1A5B…C742.