On April 11, 2025, Morpho Blue lost approximately 2.6 million USD due to an exploit by arbitrageur c0ffeebabe.ETH, who transferred the funds to address 0x1A5B…C742. This incident accentuates broader security concerns within DeFi protocols.
In response, Morpho developers swiftly enhanced security measures to protect user funds and rebuild community trust. Currently, Ethereum (ETH) is trading at 1,548.48 USD with a market cap of 186,875,002,254 USD, reflecting ongoing market volatility.
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