DeFi protocols just lost $83 million to an attack financial regulators already warned about

Malicious actors exposed two decentralized finance (DeFi) lenders to over $84 million in losses over four days, using variations of a price-manipulation strategy previously targeted by US regulators. The larger incident hit Tectonic on the Cronos blockchain, where security firm GoPlus estimated roughly $75 million was affected. Three days earlier, Moonwell’s MAMO lending market on […] The post DeFi protocols just lost $83 million to an attack financial regulators already warned about appeared first on CryptoSlate.