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TokenPost · 2h ago
Ethereum DeFi Reward Vulnerability Leads to $200,000 Evaporation… OpenZeppelin Founder: “All DeFi is Not Safe”
Approximately $200,000 was drained from an Ethereum-based DeFi liquidity pool by exploiting a flaw in its reward system through 'repeated mining.' This incident, coupled with reports of at least $400,000 lost to Google ad phishing impersonating Uniswap, prompted OpenZeppelin founder Manuel Aráoz to warn that 'all DeFi is not safe,' highlighting systemic security risks in the DeFi sector.
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