Security Breach Shakes DeFi World: Celer and Compound Fall Victim to Hacking

Thursday, 11 July 2024, 13:47

The recent security breach on DeFi platforms Celer and Compound has sent shockwaves across the industry. The hacking incident highlights vulnerabilities that could potentially affect other major DeFi players such as dYdX and Pendle. With the safety of user funds at stake, investors and platform users are on high alert.
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Security Breach Shakes DeFi World: Celer and Compound Fall Victim to Hacking

Hacking Incident Rocks DeFi Space

Hackers exploited vulnerabilities in Celer and Compound websites, raising concerns over the security of DeFi platforms.

Major Players at Risk

dYdX and Pendle are among the key DeFi platforms that could be vulnerable to similar attacks.

User Funds Threatened

In light of the breach, the safety of user funds on DeFi platforms is under scrutiny.

  • Investors and users are advised to exercise caution and enhance security measures.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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