Rari Capital’s DeFi platform was hacked, causing attackers to steal $80 million worth of crypto assets.
According to analyst firm BlockSec, the exploit occurred because of a re-entry vulnerability in the protocol’s smart contract.
Among those who lost funds was the Fei Protocol development team, which runs the decentralized Fei USD steblecoin.
The developers of Fei Protocol admitted that the funds had been stolen and asked the hacker to return the assets in exchange for a $10 million reward.