MALT Loses $72K After Flawed Swap Allows Attacker to Tap Treasury DAI
Key Highlights: A logic flaw in MALT’s swap function allowed an attacker to siphon treasury funds by misclassifying protocol-funded DAI as user-deposited collateral. The breach joins a string of decentralized finance incidents, including a $3.8 million exploit on NEAR Intents and a $305,000 FlashLoopAdapter drain. Cumulative losses from DeFi exploits have surpassed $21 billion, according ...