Rari Capital Details $10M DeFi Hack in Post Mortem - BeInCrypto
On May 9, Rari published a post mortem on the attack explaining how an attacker managed to drain its Ethereum pool of 2,600 ETH. The report confirmed that the loss equated to 60% of all user funds in the Rari Capital Ethereum Pool, valued at around $10 million at the time.
Rari is an automated yield farming platform that rebalances pools and funds to source the best yielding strategies across the DeFi ecosystem. As of May 1, DeFi Llama was reporting a TVL of $90 million, but that had fallen by $8 million on May 10 according to Rari itself.
Copying/Pasting full or partial texts with adding very little original content are frowned upon. Repeated copy/paste posts could be considered spam.
The user @steemcleaners was blacklisted due to his involvement in:
Be careful!
How to secure your account
Report any suspicious behavior on Steem Sentinels
Need help? Reach us on Discord