Seneca Protocol hack highlights dangers of Ethereum’s token approval mechanism | Headlines | News | CoinMarketCap

02/29/2024 03:10
Seneca Protocol hack highlights dangers of Ethereum’s token approval mechanism | Headlines | News | CoinMarketCap

A bug in crypto lending platform Seneca Protocol was exploited on Wednesday to steal funds directly from users’ wallets. Losses so far exceed $3 million on the Ethereum and Arbitrum networks.Seneca is a decentralized finance (DeFi)...

Seneca Protocol hack highlights dangers of Ethereum’s token approval mechanism

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Published on February 28, 2024 19:30 GMT+00:00edited on February 28, 2024 19:49 GMT+00:00

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