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Security researchers flag ongoing Stake DAO exploit after attacker mints trillions of vsdCRV

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The Block Editorial
(11:29 AM UTC)
1 min read
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Reviewed byMichael Roberts
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Stake DAO, a DeFi platform focused on automated yield strategies, is facing an ongoing exploit, multiple blockchain security firms reported on Wednesday.

The attacker minted over 5.4 trillion vsdCRV on Arbitrum and is actively swapping it for ETH, Blockaid noted on X. PeckShield said that, so far, some of the tokens had been swapped for 43.78 ETH ($91,000) and bridged to Ethereum.

vsdCRV, or…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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