{"id":29047,"date":"2025-05-28T15:01:51","date_gmt":"2025-05-28T15:01:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29047"},"modified":"2025-05-28T15:01:51","modified_gmt":"2025-05-28T15:01:51","slug":"defi-platform-cork-protocol-suffers-12m-smart-contract-exploit","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29047","title":{"rendered":"DeFi Platform Cork Protocol Suffers $12M Smart Contract Exploit"},"content":{"rendered":"<div>\n<p>Decentralized finance (DeFi) platform Cork Protocol has suffered a smart contract exploit, with hackers reportedly stealing $12 million worth of wrapped staked ether (wstETH).<\/p>\n<p>Blockchain security monitor Cyvers <a href=\"https:\/\/x.com\/CyversAlerts\/status\/1927701403092316254\">noticed the exploit<\/a>, stating that the malicious contract was deployed by a wallet likely funded by a service provider.<\/p>\n<p>It added that $12 million worth of wstETH was quickly swapped for ETH.<\/p>\n<p>Cork Protocol received investments from a16z crypto and OrangeDAO in September 2024.<\/p>\n<p>&#8220;There was a security incident affecting the wstETH:weETH market at 11:23 UTC today,&#8221; Cork wrote on X.<\/p>\n<p>Cork added that it has paused all other markets as a precaution and that it is investigating the root cause.<\/p>\n<p>Security auditing company Debaub <a href=\"https:\/\/x.com\/dedaub\/status\/1927719524490481823\">wrote<\/a> that the attacker likely manipulated an issue with the smart contact&#8217;s exchange rate by issuing fake tokens.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Decentralized finance (DeFi) platform Cork Protocol has suffered a smart contract exploit, with hackers reportedly stealing $12 million worth of wrapped staked ether (wstETH). Blockchain security monitor Cyvers noticed the exploit, stating that the malicious contract was deployed by a wallet likely funded by a service provider. It added that $12 million worth of wstETH [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29047","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29047"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29047\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}