#AftermathFinanceBeach | Latest in DeFi
Aftermath Finance just took a hit with an exploit in their perpetual futures protocol on the Sui network.
🔍 According to recent reports, the attacker made off with around $1.1 million in USDC in just 36 minutes through multiple transactions. 💸
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⚠️ The issue stemmed from a vulnerability in the fee calculation system during liquidation processes, allowing the attacker to rake in unjust profits. 💰
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💡 This raises concerns again about the risks in the DeFi ecosystem, especially with complex protocols like derivatives.
📉 Do you think DeFi is ready to fend off these attacks, or is it still lacking maturity in security?
👇 I’m all ears in the comments
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#BinanceSquare #Hack $SUI #SuiNetwork #USDC