Another DeFi vault, another expensive lesson.
Yield platform Troves says its xWBTC/WBTC vault was compromised, with initial losses of about 8.6 BTC (ChainThink). The cause: an outdated rebalancing contract that had been replaced but still kept operational permissions.
Retired contracts with live permissions are a quiet risk, and they sit behind a lot of $BTC yield strategies.
When you use DeFi yield, what do you check first: audits, permissions, or time in production? Curious how you vet it.
#DeFi #Security #Bitcoin
Yield platform Troves says its xWBTC/WBTC vault was compromised, with initial losses of about 8.6 BTC (ChainThink). The cause: an outdated rebalancing contract that had been replaced but still kept operational permissions.
Retired contracts with live permissions are a quiet risk, and they sit behind a lot of $BTC yield strategies.
When you use DeFi yield, what do you check first: audits, permissions, or time in production? Curious how you vet it.
#DeFi #Security #Bitcoin