indexed finance hack

About

decentralized finance (defi) protocol indexed finance has reported that it’s become the latest victim of an exploit that resulted in a substantial loss of assets. on oct. 15, indexed finance reported that it had suffered its first hack since protocol deployment in december, losing around $16 million in various defi tokens which it described as “devastating. ” two of its indexes, defi5 and cc10, were targeted in the sophisticated attack which exploited the way index pools are rebalanced according to the post mortem report.

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