Pike Finance Addresses $1.6 Million Theft
full version at en.bitcoinhaber.net
Recently, Pike Finance, a decentralized finance (DeFi) protocol, issued a statement regarding a substantial security breach that led to the loss of $1.6 million. The breach, initially attributed to a vulnerability in the USDC protocol, was later clarified as stemming from internal security lapses related to Pike Finance’s smart contract functionalities.
