$30 mln stolen from DeFi platform Grim Finance

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More than 30 million US dollars have apparently been stolen from he decentralized finance (DeFi) protocol Grim Finance. The theft was a result of hackers exploiting a vulnerability in the platform.
The company announced an “advanced hack” on Twitter, where hackers exploited the platform’s vault contract protocol through five reentrancy loops. That apparently allowed them to fake five more deposits into the vault while the DeFi platform was still processing the first deposit.
The company advised all its users to withdraw their money immediately. “We have paused all of the vaults to prevent any future funds from being placed at risk, please withdraw all of your funds immediately” they announced.
Do you think this year there will be fewer crypto hacks? I don't. :sweat:


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