Breaking: DeFi app Steadefi was exploited on Aug. 7. Cointelegraph has the latest details.
Decentralized finance app Steadefi was exploited for at least $334,000 on Aug. 7 in an ongoing attack. The app's development team hasin a social media post that the attack currently"puts all funds at risk." The app's total value locked has plummeted as a result of the attack, according to data from DeFiLama.
The Steadefi team posted a message to Twitter stating:"NOTICE: Steadefi has been exploited and all funds are currently at risk." They also confirmed that an on-chain message has been sent to address 0x9cf71F2ff126B9743319B60d2D873F0E508810dc on Ethereum in an attempt to negotiate with the attacker. Blockchain data reveals that a number of large inflows came into this address on the Avalanche chain, beginning at 4:41 p.m. UTC.
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