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coinpedia
2024-01-17 10:19:49

Socket Protocol Hacked for $3.3M, Sparks Security concerns amid users

Socket Protocol Hacked for $3.3M, Sparks Security concerns amid users

The post Socket Protocol Hacked for $3.3M, Sparks Security concerns amid users appeared first on Coinpedia Fintech News As a significant blow to the DeFi sector, Socket, a prominent blockchain interoperability protocol reported a major security breach resulting in over $3.3 million in losses. The incident which was driven by a vulnerability in user input validation, has opened critical security concerns within the DeFi space among the users. Blockchain security firm PeckShield reported …

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