Circle-backed protocol Pike Finance loses $1.6m due to ‘USDC vulnerability’

CAT May 1, 2024 1 min read

Denis Omelchenko

Decentralized protocol for cross-chain lending Pike Finance has suffered a $1.6 million loss due to weak security measures in functions managing USDC transfers. Pike Finance, a decentralized finance protocol specializing in cross-chain lending, fell victim to a hacking attack, resulting…

Go here to Read this Fast! Circle-backed protocol Pike Finance loses $1.6m due to ‘USDC vulnerability’

Originally appeared here:
Circle-backed protocol Pike Finance loses $1.6m due to ‘USDC vulnerability’

Tags: #bitcoin #blockchain #cryptocurrency #eth btc Ethereum

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