Another Weekend Another Hack: DeFi Lender Fei Protocol Suffers $80M Security Breach

Chimamanda Marcel reports:

Fei protocol, an Ethereum-based decentralized exchange, has suffered an extensive security breach a year after it merged with RAri Capital, a lending and borrowing protocol, smart contract analysis firm Blocksec reported on Saturday.

According to Blocksec, multiple pools related to Fei Protocol and RAri Capital were exploited and more than  $80 million worth of crypto assets were stolen. The blockchain security firm also noted that the attack was inspired by a re-entrance vulnerability.

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