Cork Protocol Suffers $12 Million Hack, Highlighting DeFi Security Concerns

A recent smart contract exploit has shaken the Decentralized Finance (DeFi) community. The protocol Cork Protocol was targeted, resulting in a significant loss of approximately $12 million. The hack, which occurred on May 28th, serves as a stark reminder of the vulnerabilities inherent to DeFi applications and raises questions about the security measures in place within this space. 0x4771…762B appears to be the source of funding for the attacker.