DeFi Security Under Scrutiny: $231M Drained, $19M Clawed Back Amid Exploits
DeFi Security Under Scrutiny: $231M Drained, $19M Clawed Back Amid Exploits
Recent events in the DeFi sector highlight ongoing security challenges, with approximately $231 million reportedly drained across various exploits. Notably, a significant Balancer V2 exploit contributed to these losses. However, StakeWise DAO successfully recovered around $19.3 million in osETH and an additional $1.7 million in osGNO, demonstrating efforts to mitigate damages and recover funds.
Two headlines hit the internet within hours of each other this week, and together they map the current state of DeFi’s security theater. StakeWise DAO executed contract calls to recover approximately $19.3 million in osETH, along with an additional $1.7 million in osGNO, from the Balancer V2 exploit that drained between $110 million and $128 […]