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05 March 2021

DeFi platform hacks itself to safeguard users' funds | CryptoSlate

DeFi platform hacks itself to safeguard users' funds | CryptoSlate


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DeFi platform hacks itself to safeguard users' funds.

Per the blog post, a critical exploit was discovered in some of Primitive’s smart contracts that enabled “infinite approvals.” Thus, all users that gave the vulnerable contract permission to spend their tokens became at risk of losing their funds.

However, those users who allowed the faulty smart contracts to spend their assets can still lose the tokens that are held in their wallets, the developers stressed.

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