Scallop, a leading money market protocol on the Sui Network, experienced a security incident that resulted in the loss of approximately 150,000 SUI after an attacker exploited a deprecated rewards contract linked to its sSUI spool system. The exploit occurred on April 26 and targeted a non-core component, highlighting ongoing risks tied to outdated smart contract code in decentralized finance (DeFi). According to Scallops official statement, the attack was identified and contained within minutes. The vulnerable contract was promptly frozen, preventing further damage, while core lending and… Read more
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