Rari Capital hacked ❗

Once a legend said "Its hacker's world, we are just spectators in it" it was me who said this btw. 😅

Every day theres more n more hack news, Rari Capital and Fei Protocols are the latest one. It was reported that  $80 million were lost in stolen funds from several Rari Fuse pools.

Smart contract research company BlockSec disclosed the news in their tweet

stating that "Our monitoring system detected that multiple pools related to @RariCapital@feiprotocol were attacked, and lost more than 80M US dollars. The root cause is due to a typical reentrancy vulnerability."

Fei later on acknowledge the news in their tweet and announced 10M dollars bounty for exploiters to return the remaining funds,

"We are aware of an exploit on various Rari Fuse pools. We have identified the root cause and paused all borrowing to mitigate further damage.

To the exploiter, please accept a $10m bounty and no questions asked if you return the remaining user funds."

Last year, Fei Protocol and Rari Capital joined forces following a unanimous vote in both communities. Last year in May, Rari Capital was the victim of a separate exploit, in which a cybercriminal stole $10.5 million in customer cash, or around 2,600 ETH.

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