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DeFi Protocol Conic Finance Hacked for 1,700 Ether

Security firm BlockSec said that the root cause of the attack was price manipulation caused by "read-only reentrancy."

Updated Jul 21, 2023, 2:04 p.m. Published Jul 21, 2023, 2:04 p.m.
Conic Finance was drained of 1,700 ether. (Kevin Ku/Unsplash)
Conic Finance was drained of 1,700 ether. (Kevin Ku/Unsplash)