Morpho Labs crypto hack thwarted as white hat intercepts $2.6M after frontend exploit
The Defi Morpho Labs protocol confirmed that his front was secured after having reached a defective update which had led to a feat of $ 2.6 million, which was intercepted by the operator White Hat Mev C0FEEBABE.ETH.
The feat took place after an update of the front on Morpho Labs’ Challenge App Morpho Blue on April 10. The update was designed to improve the flow of transactions within the application. On April 11, the security company Blockchain Peckshield reported That a vulnerability in the update has enabled a hacker to operate an address associated with the protocol, which could have led to a loss of $ 2.6 million.
However, the malicious transaction was at the front c0freebabe.ethA mysterious Bot White Hat Mev operator with an experience of use Maximum extractable value Bots for ethical purposes, effectively preventing the pirate from executing the flight. According to Peckshield, the stolen funds were transferred to a safe address, 0x1a5b… C742, where they were secured.
After the incident, the Morpho Labs team Announced in a post on x The fact that updating the front, which had caused vulnerability, was returned and that normal operations were restored. The protocol also confirmed that all the funds of the Morpho protocol were safe and not affected by the feat.
In a monitoring postThe protocol reiterated that “Morpho Fronend is sure”, reassuring users that no additional action was required from their part to secure their assets. They added that a more detailed message will be published next week.
Mev’s attacks remain a persistent threat in the crypto. In another incident currently make the titlesA hacker on the front-round the Wayfinder token plateau (invite) intended for Kaito (Kaito) Users, tear off the tokens before legitimate owners can claim them.
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