BarnBridge SMART Yield Hit by Governance Attack, Users Lose $776,000

ETH5.48%
According to BlockSec monitoring and reported by Foresight News, Ethereum DeFi protocol BarnBridge SMART Yield (cUSDC) recently fell victim to a governance attack. Attackers exploited the DAO governance mechanism to upgrade a malicious contract, gaining authorization to drain user funds. The attack resulted in losses of approximately $776,000.
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