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PeckShield: DeFi Protocol Convergence Attacked

PeckShield: DeFi Protocol Convergence Attacked

Bitget2024/08/01 16:01


The DeFi protocol Convergence has suffered an attack and is currently losing about $210,000, according to monitoring. Hackers minted about 58 million CVGs, which were then exchanged for 60 WETH and 15,900 crvFRAX. the exploit is part of the CvxRewardDistributor contract, which does not validate (untrusted) user input to claim rewards.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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