Saddle Finance and Rari Capital Hacked

Saddle Finance and Rari Capital have been hacked.
 Saddle Finance and Rari Capital Hacked
READING NOW Saddle Finance and Rari Capital Hacked

Saddle Finance and Rari Capital were hacked.

Decentralized exchange Saddle Finance suffered a hack that resulted in a loss of $10 million. In the attack, first reported by the smart contract inspection company BlockSec, the attacker stole 3,540 ETH. In a statement to The Block, BlockSec managed to recover $3.8 million of the 13.8 million stolen by the attackers. The Saddle team said it was investigating the attack.

Rari Capital Loses $80 Million

DeFi platform Rari Capital has been hacked for $80 million. The attack, which took place in multiple loan pools, was also reported by smart contract auditing firm BlockSec. The company said the attack occurred through a re-entry vulnerability in the protocol’s smart contract.

Among the fund losers was Fei Protocol, a team that operates a decentralized stablecoin. Protocol acknowledged the attack and asked the attacker to return the stolen funds in exchange for a $10 million reward.

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