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28 September 2021

Zabu Finance Suffers First Big Exploit in Avalanche Defi, Loses $3.2 Million – Defi Bitcoin News

Zabu Finance Suffers First Big Exploit in Avalanche Defi, Loses $3.2 Million – Defi Bitcoin News


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Zabu Finance Suffers First Big Exploit in Avalanche Defi, Loses $3.2 Million – Defi Bitcoin News.

Zabu Finance, a decentralized yield farming protocol on Avalanche, suffered the first big hack related to the chain.

The core of the exploit happened due to a vulnerability in the design of the Spore token, which allowed the minting of 4.5 billion zabu that were successfully withdrawn from the platform, taking the value of the currency to 0.

Zabu Finance, a yield farm decentralized protocol built on top of the Avax blockchain, faced the big first hack related to the Avalanche chain last week.

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