DeFi Breaches Continue: $12 Million Stolen from Cork Protocol

The decentralized finance (DeFi) sector is facing a growing number of breaches, resulting in significant losses for users and sparking concerns about security across the industry. Cork Protocol, a DeFi platform, was recently hit by a major exploit that saw approximately $12 million in digital assets stolen. The attack occurred at 11:23 UTC and was discovered by cybersecurity firm Cyvers, who identified an address associated with the exploit.