DeFi insurer Cover Protocol, designed to reduce smart-contract failure risks, was exploited by a bug in its smart contract on Monday morning.
Cover Protocol announced it’s exploring launching a new COVER token after its current one was abused in a minting attack by a “white hat” hacker on Monday morning.
The decentralized finance (DeFI) insurance project Cover Protocol was hacked earlier Monday in an infinite printing scheme, causing the price of the Cover token to plunge. Hours later, Grape.Finance, a so-called ‘white hacker’ claimed responsibility for the attack via its Twitter account, saying all funds had been returned. The exploiter has cashed out over $4 […]