Ethical hacker intercepts $2.6M in Morpho Labs exploit

A known maximal extractable value (MEV) white hat actor intercepted about $2. 6 million in crypto assets stolen from Morpho Labs’ decentralized finance (DeFi) protocol.  On April 10, Morpho Labs implemented a front-end update on its Morpho Blue application. A day later, a hacker breached an address through a vulnerability caused by the update source: https://cointelegraph.com/news/white-hat-intercepts-2-million-morpho-blue-hack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound