Morpho Blue Vulnerability Leads to $2.6 Million Loss

A vulnerability in the Morpho Blue front-end resulted in a significant loss of $2.6 million on April 11th. The exploit, carried out by an experienced arbitrageur known as c0ffeebabe.eth, transferred funds to address 0x1A5B…C742. The incident prompted the Morpho team to swiftly enhance security measures and reassure users about their investment safety. This underscores the importance of robust DeFi protocols in mitigating risks related to vulnerabilities.