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A white hat hacker intervened Stop being stolen $ 2.6 million in crypto After a security problem in Morpho LabsA decentralized loan company.
The funds were attacked After Morpho Labs pressed an update front-end to its Morpho Blue applicationIts decentralized finance platform (DEFI), April 10. That update introduced a defect, and a hacker had found a way to take control of a wallet and drain it.
According to a Packshield shared reportA blockchain security company, the attacker managed to steal $ 2.6 million.
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However, someone who uses the name “C0FFEEBABE.ETH“, known for the ethical actions of MEV (maximum removable value), frontal the hacker transaction. This means that they intercepted the stolen funds before reaching the attacker.
After the incident, Morpho Labs backed up the update. In a April 11 Publication in XThe team confirmed that he had been informed about the problem and took measures to solve it. They said that all user funds within the Morpho Principal protocol were safe and not affected.
The team also pointed out that the front-end is now safe, and users do not need to take more measures.
The update that caused the problem was aimed at improving the way in which transactions are handled. However, the change ended up generating some transactions incorrectly, which opened the door for exploit. Morpho Labs said he has I found the problem and solved it.
Meanwhile, the Kaspersky cybersecurity firm recently reported that computer pirates are distributing false Microsoft Office accessories in Sourceforge. What did they do? Read the full story.
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
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