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Ethereum-based DeFi protocol SIR.trading, also known as Synthetics Implemented Right, was completely drained in an exploit on Mar. 30, losing all $355,000 of its total value locked.

TenArmor, a blockchain security firm, was the first to report the attack on a Mar. 30 post o. X. TenArmor flagged several suspicious transactions and pointed out that the stolen funds had been transferred to RailGun, a privacy platform that helps hide transactions.

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