{"id":570577,"date":"2022-04-30T12:23:02","date_gmt":"2022-04-30T11:23:02","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=570577"},"modified":"2022-04-30T12:23:02","modified_gmt":"2022-04-30T11:23:02","slug":"rari-capital-fei-protocols-lending-pools-attacked-80m-lost-in-latest-defi-hack","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/rari-capital-fei-protocols-lending-pools-attacked-80m-lost-in-latest-defi-hack\/","title":{"rendered":"Rari Capital and Fei Protocol&#8217;s Lending Pools Attacked, $80M Lost in Latest DeFi Hack"},"content":{"rendered":"<p>Summary:<\/p>\n<ul>\n<li>Lending pools belonging to Rari Capital and Fei Protocol have been attacked<\/li>\n<li>A total of $80 million has been lost in the latest DeFi hack<\/li>\n<li>The hack was due to a typical reentrancy vulnerability<\/li>\n<li>Fei Capital has offered a $10 million bug bounty to the attackers with no question asked<\/li>\n<\/ul>\n<p>Lending pools belonging to Rari Capital and Fei Protocol are the latest victims of a <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/defi\/\" target=\"_blank\" rel=\"noopener\">DeFi<\/a> hack. According to the team at WuBlockchain, multiple pools belonging to the two protocols have been attacked, and more than $80 million was lost.<\/p>\n<p>Furthermore, the attack was identified by the team at BlockSec as being due to &#8216;a typical reentrancy vulnerability.&#8217;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Breaking: BlockSec found that multiple pools related to <a href=\"https:\/\/twitter.com\/RariCapital?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@RariCapital<\/a> <a href=\"https:\/\/twitter.com\/feiprotocol?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@feiprotocol<\/a> were attacked, and lost more than 80M US dollars. The root cause is due to a typical reentrancy vulnerability. <br \/> <a href=\"https:\/\/t.co\/XZ9ihkCeW0\" rel=\"nofollow\">https:\/\/t.co\/XZ9ihkCeW0<\/a> <a href=\"https:\/\/t.co\/bEjGEijaps\" rel=\"nofollow\">https:\/\/t.co\/bEjGEijaps<\/a><\/p>\n<p>&mdash; Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1520351496985927681?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">April 30, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Fei Protocol Offers the Attacker(s) $10 Million With No Questions Asked<\/h2>\n<p>The team at Fei Protocol has thus far confirmed the attack. They have gone on to offer the attacker(s) 10 million dollars as a <a href=\"https:\/\/en.ethereumworldnews.com\/ronin-network-validator-nodes-to-21-1m-bug-bounty-audits-to-prevent-the-next-defi-hack\/\" target=\"_blank\" rel=\"noopener\">bounty<\/a> for identifying the vulnerability, with no questions asked. The $10m is also for the exploiter(s) to return the remaining user funds. <a href=\"https:\/\/twitter.com\/feiprotocol\/status\/1520344430242254849\" target=\"_blank\" rel=\"nofollow noopener\">The request<\/a> by Fei Protocol can be found below.<\/p>\n<blockquote><p>We are aware of an exploit on various Rari Fuse pools. We have identified the root cause and paused all borrowing to mitigate further damage. To the exploiter, please accept a $10m bounty and no questions asked if you return the remaining user funds.<\/p><\/blockquote>\n<h2>DeFi Hacks Continue to be a Pain Point for the Blockchain Industry<\/h2>\n<p>The $80 million exploit on both Rari Capital and the Fei Protocol comes exactly one month after the record-breaking $615 million <a href=\"https:\/\/en.ethereumworldnews.com\/ronin-network-hacked-for-173-6k-ethereum-and-25-5m-usdc\/\" target=\"_blank\" rel=\"noopener\">Axie Infinity hack<\/a> carried out by the North Korean state-sponsored Lazarus group.<\/p>\n<p>According to <a href=\"https:\/\/blog.chainalysis.com\/reports\/2022-defi-hacks\/\" target=\"_blank\" rel=\"nofollow noopener\">a report<\/a> by Chainalysis, hackers had a big year in 2021, netting $3.2 billion worth of cryptocurrency. Additionally, attackers targeting various crypto exchanges and DeFi protocols have thus far netted $1.3 billion in the first three months of this year. Of the latter amount, 97% has been taken from DeFi protocols, up from 72% in 2021 and just 30% in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: Lending pools belonging to Rari Capital and Fei Protocol have been attacked A total of $80 million has been lost in the latest DeFi hack The hack was due to a typical reentrancy vulnerability Fei Capital has offered a $10 million bug bounty to the attackers with no question asked Lending pools belonging to Rari Capital and Fei Protocol are the latest victims of a DeFi hack. According to the team at WuBlockchain, multiple pools belonging to the two [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":570578,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[108120],"tags":[7092,108494,2889,108493],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/570577"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=570577"}],"version-history":[{"count":1,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/570577\/revisions"}],"predecessor-version":[{"id":570580,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/570577\/revisions\/570580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/570578"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=570577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=570577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=570577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}