The hacker behind a recent DeFi exploit appears to have forgotten to transfer the stolen funds out of the attack contract.
What Happened: DeFi lending protocol Zeed (CRYPTO: YEED) was the victim of the latest exploit where bad actors managed to extract funds from the protocol by exploiting a vulnerability in the code.
The exploit resulted in the price of YEED crashing to zero and the hacker gaining $1 million in profit.
Blockchain security firm PeckShield pointed out the attacker had not transferred the funds out of the attack contract before calling the “self-destruct” function. Essentially, this means that the stolen cryptocurrency is permanently and irreversibly stuck in the attack contract.
See Also: A Person Behind $611M DeFi Hack Reveals Their Identity In Careless Mistake
The attackers executed a flash loan exploit and made a profit of $80 million. The majority of stolen funds were sent to be laundered through coin mixing tool Tornado Cash (CRYPTO: TORN), while $250,000 was sent to Ukraine’s crypto donation wallet address.
Read Next: BEST DEFI YIELD FARMS
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
