Tag: Seneca Protocol

Seneca Recovers 80% of Funds After $6.4M Exploit

The Seneca Protocol hacker has given back $5.3 million worth of Ether tokens after draining $6.4 million. Initial investigations suggested that an approval mechanism bug in the protocol’s smart contract was exploited. The stablecoin protocol had recently confirmed roping in with law enforcement but offered leniency, stating the team wouldn’t take legal steps if the …

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