The $460,000 Exploit on Predy Finance Caused by Smart Contract Vulnerability
On May 14, 2024, the perpetual protocol “Predy Finance,” deployed on Arbitrum, suffered an exploit, resulting in approximately $460,000 being illicitly withdrawn from the pool funds. Predy Finance requested the return of the funds in exchange for a 10% bounty, but the perpetrator has not responded to negotiations, leading to a complete loss of the […]
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