Stake DAO Exploit Shows Why “Audited” Doesn’t Mean Safe In DeFi
The Stake DAO exploit on Wednesday compromised the protocol’s Arbitrum deployer key. An attacker minted roughly 5.4 trillion fake Vote-Boosted sdCRV (vsdCRV) tokens before swapping them for ether through a public router. The breach bypassed every smart-contract control in place. A single private key with privileged rights has driven hundreds of millions in DeFi losses...
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