DeFi platform Cork Protocol suffered a major security attack due to a smart contract vulnerability, resulting in the theft of approximately 12 million US dollars in digital assets. Blockchain security firm SlowMist was the first to discover the vulnerability, and subsequently, Cork Protocol founder Phil Fogel confirmed the incident on the social platform X.

<p><img>DeFi platform Cork Protocol has suffered a major security breach due to a smart contract exploit, resulting in the theft of around $12 million of digital assets. Blockchain security firm SlowMist first flagged the exploit, which was later confirmed by Cork Protocol founder Phil Fogel on X. Cork Protocol has ...</p>
<p>The post <a href="https://unchainedcrypto.com/cork-protocol-theft-costs-it-12m/">Cork Protocol Theft Costs It $12M</a> appeared first on <a href="https://unchainedcrypto.com">Unchained</a>.</p>

DeFi platform Cork Protocol suffered a loss of 12 million USD due to a smart contract vulnerability attack.