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Cover Protocol Sheds 97% After Suffering Minting Attack

Cover Protocol Sheds 97% After Suffering Minting Attack

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...

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Covered Protocol DAI DeFi Decentralized GrapFinance