Cover Protocol Sheds 97% After Suffering Minting Attack
Cover Protocol Sheds 97% After Suffering Minting Attack Last Updated: 29 December 2020 Decentralized Finance (DeFi) insurer Covered Protocol suffered a minting attack earlier on Monday, which saw its price dropping by 97% shortly after the attack. However, a few hours after the infinite printing scheme hack, a “white hacker” known as GrapFinance revealed on Twitter that it was responsible for the hack and that all funds have been returned. The white hacker initially withdrew more than $4 million, which include 90 WBTC, one million DAI, and about 1,400 ether. Barely 24 ...
Source: insidebitcoins.com