Cozy Finance Reports $160K Exploit via UMA Optimistic Oracle
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Cozy Finance Suffers Second Exploit, Losing $170K in a Rapid Attack
TL;DR: Cozy Finance lost roughly $170,000 in a second Optimism exploit, with the attacker bridging the funds out only 13 minutes after the initial drain. The exploit moved about 163,326 USDC.e through 63 transfers, while records show the attack contract had been deployed five days before the breach. Cozy’s Optimism deployment held roughly $172,000 beforehand, ...
Cozy Finance has once again lost money for an exploit linked to UMA's Oracle. The protocol, which operates in the field of decentralized finance by offering protection markets against DeFi failures, reported a damage of $160,000 caused by an attack that hit the vulnerabilities of the UMA Optimistic Oracle. The Cozy Finance Exploit marks [...]
Cozy Finance exploit drains $160K after attacker games UMA oracle
A decentralized insurance protocol just became the latest cautionary tale in DeFi security. Cozy Finance, a platform that lets users buy coverage against failures in other crypto protocols, has confirmed the Cozy Finance exploit resulted in a loss of roughly $160,000 after an attacker manipulated a...
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