Cork Protocol Recovers from $12M wstETH Exploit, Plans Relaunch

Following a $12 million wstETH exploit, Cork Protocol has launched a comprehensive recovery plan led by co-founder Phil Fogel. The protocol temporarily halted operations to investigate the incident and mitigate potential losses. Expert forensic analysts are collaborating with the team, aiming for fund recovery and redeployment. 🔐 This attack highlights the ongoing need for robust security measures in DeFi platforms and emphasizes the urgency of swift action in addressing such incidents.