The Venn Network identified and neutralized a significant DeFi backdoor exploit, potentially protecting over 10 million USD from theft. This involved a 36-hour operation by multiple developers to secure vulnerable ERC-1967 contracts.
Berachain responded quickly to the vulnerability by pausing affected contracts, ensuring no user funds were lost. This decisive action highlights the importance of prompt responses in the DeFi ecosystem.
The sophistication of the attack has led researchers to speculate possible links to North Korea’s Lazarus Group. The prolonged stealth of the attack indicates a well-planned strategy.
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