A Hacker Just Drained $500k in Ethereum & Altcoins From a DeFi App

A Hacker Just Drained $500k in Ethereum & Altcoins From a DeFi App

Ethereum’s budding decentralized finance ecosystem has gone parabolic over recent weeks.

The value of cryptocurrencies locked in DeFi applications has skyrocketed to $1.65 billion, 65% higher than this metric was just 12 days ago. Simultaneously, the number of users leveraging applications like Compound, Maker, and Synthetix has skyrocketed.

Unfortunately, a purported hack just took place that…

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