🚨 6M DOLLAR MULTISIG BREACH SHAKES BASE DEFI AS 31M REMAINS AT RISK FOR $ETH ⚠️
📌 Governance vulnerabilities just exposed a dormant treasury contract on the Base chain, siphoning 1,783 wstETH valued at $6 million through a compromised multisig key. The attacker whitelisted a malicious lending contract after 25 days of multisig inactivity, liquidating the stolen tokens on Aave V3. 🔍 Note that Aave core contracts and Base chain infrastructure remain completely uncompromised.
💡 With over $31.7 million still sitting vulnerable in that unmanaged contract, off-chain risk management is proving to be as crucial as chart execution. 👁️ Weak access controls and social engineering will always be the fastest way smart money loses its edge. 🤔 Are you double-checking contract authorizations on your active DeFi yield positions today? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ETH #DeFi #Security #Crypto
🚨 ⚠️
📌 Governance vulnerabilities just exposed a dormant treasury contract on the Base chain, siphoning 1,783 wstETH valued at $6 million through a compromised multisig key. The attacker whitelisted a malicious lending contract after 25 days of multisig inactivity, liquidating the stolen tokens on Aave V3. 🔍 Note that Aave core contracts and Base chain infrastructure remain completely uncompromised.
💡 With over $31.7 million still sitting vulnerable in that unmanaged contract, off-chain risk management is proving to be as crucial as chart execution. 👁️ Weak access controls and social engineering will always be the fastest way smart money loses its edge. 🤔 Are you double-checking contract authorizations on your active DeFi yield positions today? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ETH #DeFi #Security #Crypto
🚨 ⚠️