• Home
  • Cyber Crime
  • Cyber warfare
  • APT
  • Data Breach
  • Deep Web
  • Digital ID
  • Hacking
  • Hacktivism
  • Intelligence
  • Internet of Things
  • Laws and regulations
  • Malware
  • Mobile
  • Reports
  • Security
  • Social Networks
  • Terrorism
  • ICS-SCADA
  • POLICIES
  • Contact me
MUST READ

Orange reports major cyberattack, warns of service disruptions

 | 

Hackers leak images and comments from women dating safety app Tea

 | 

Pro-Ukraine hacktivists claim cyberattack on Russian Airline Aeroflot that caused the cancellation of +100 flights

 | 

Seychelles Commercial Bank Reported Cybersecurity Incident

 | 

Microsoft uncovers macOS flaw allowing bypass TCC protections and exposing sensitive data

 | 

U.S. CISA adds Cisco ISE and PaperCut NG/MF flaws to its Known Exploited Vulnerabilities catalog

 | 

Critical WordPress Post SMTP plugin flaw exposes 200K+ sites to full takeover

 | 

Scattered Spider targets VMware ESXi in using social engineering

 | 

China-linked group Fire Ant exploits VMware and F5 flaws since early 2025

 | 

Allianz Life data breach exposed the data of most of its 1.4M customers

 | 

SECURITY AFFAIRS MALWARE NEWSLETTER ROUND 55

 | 

Security Affairs newsletter Round 534 by Pierluigi Paganini – INTERNATIONAL EDITION

 | 

Law enforcement operations seized BlackSuit ransomware gang’s darknet sites

 | 

Arizona woman sentenced for aiding North Korea in U.S. IT job fraud scheme

 | 

Operation CargoTalon targets Russia’s aerospace with EAGLET malware,

 | 

Unpatched flaw in EoL LG LNV5110R cameras lets hackers gain Admin access

 | 

Koske, a new AI-Generated Linux malware appears in the threat landscape

 | 

Mitel patches critical MiVoice MX-ONE Auth bypass flaw

 | 

Coyote malware is first-ever malware abusing Windows UI Automation

 | 

SonicWall fixed critical flaw in SMA 100 devices exploited in Overstep malware attacks

 | 
  • Home
  • Cyber Crime
  • Cyber warfare
  • APT
  • Data Breach
  • Deep Web
  • Digital ID
  • Hacking
  • Hacktivism
  • Intelligence
  • Internet of Things
  • Laws and regulations
  • Malware
  • Mobile
  • Reports
  • Security
  • Social Networks
  • Terrorism
  • ICS-SCADA
  • POLICIES
  • Contact me
  • Home
  • Breaking News
  • Cyber Crime
  • Digital ID
  • Hacking
  • Hackers stole +80M from DeFi platforms Rari Capital and Fei Protocol

Hackers stole +80M from DeFi platforms Rari Capital and Fei Protocol

Pierluigi Paganini May 01, 2022

Threat actors exploited a bug in the Fuse protocol used by DeFi platforms Rari Capital and Fei Protocol and stole more than $80 million.

Threat actors stole more than $80 million from the decentralized finance (DeFi) platforms Rari Capital and Fei Protocol on Saturday. Researchers from smart contract analysis firm Block Sec reported that attackers exploited a reentrancy bug in Rari’s Fuse lending protocol.

Our monitoring system detected that multiple pools related to @RariCapital @feiprotocol were attacked, and lost more than 80M US dollars. The root cause is due to a typical reentrancy vulnerability. @defiprime
https://t.co/Cbtilpbuw9

— BlockSec (@BlockSecTeam) April 30, 2022

Rari Capital paused borrowing globally in response to the hack and ensured that all other funds are secure.

Rari is aware of an exploit on various Fuse pools. Borrowing has been paused globally and no further funds are at risk.

The Rari team, and the rest of the Tribe, are working mitigate the loss and recover exploited funds, and will provide updates as soon as they are available.

— Jack Longarzo (@JackLongarzo) April 30, 2022

According to CoinDesk, Fei Protocol, which merged last December with Rari, offered to crooks behind the hack a $10 million “bounty” if they will return the stolen funds. The Fei Protocol development team runs a decentralized stablecoin called Fei USD

We are aware of an exploit on various Rari Fuse pools. We have identified the root cause and paused all borrowing to mitigate further damage.

To the exploiter, please accept a $10m bounty and no questions asked if you return the remaining user funds.

— Fei Protocol (@feiprotocol) April 30, 2022

Researchers from Blockchain security firm PeckShield confirmed that the same reentrancy vulnerability exploited in the cyber heist was also used to target forks of the Compund DeFi protocol.

The old reentrancy bug bites again on Compound forks w/ $80M loss! This time, it re-enters via exitMarket()!!! https://t.co/NpC8AAZRXc

Watch out, all Compound forks in EVM-compliant chains. Get in touch with your auditors now or feel free to contact us if we can be of any help pic.twitter.com/M9JElTWMSd

— PeckShield Inc. (@peckshield) April 30, 2022

The attacks against the DeFi protocol are increasing, PeckShield researchers reported that as of May 1, 2022, the exploits have netted $1.57 billion from DeFi.

#PeckShieldAlert As of May 1, 2022, the exploits have netted $1.57 billion from DeFi, which already surpasses the $1.55 billion stolen by exploiters throughout 2021. pic.twitter.com/QIjAmPBLXs

— PeckShieldAlert (@PeckShieldAlert) May 1, 2022

Please vote for Security Affairs as the best European Cybersecurity Blogger Awards 2022 – VOTE FOR YOUR WINNERS
Vote for me in the sections “The Underdogs – Best Personal (non-commercial) Security Blog” and “The Tech Whizz – Best Technical Blog” and others of your choice.
To nominate, please visit: 
https://docs.google.com/forms/d/e/1FAIpQLSfxxrxICiMZ9QM9iiPuMQIC-IoM-NpQMOsFZnJXrBQRYJGCOw/viewform  

Follow me on Twitter: @securityaffairs and Facebook

[adrotate banner=”9″][adrotate banner=”12″]

Pierluigi Paganini

(SecurityAffairs – hacking, Rari)

[adrotate banner=”5″]

[adrotate banner=”13″]


facebook linkedin twitter

DeFi Fei Protocol information security news IT Information Security Pierluigi Paganini Rari Capital Security Affairs

you might also like

Pierluigi Paganini July 29, 2025
Orange reports major cyberattack, warns of service disruptions
Read more
Pierluigi Paganini July 29, 2025
Hackers leak images and comments from women dating safety app Tea
Read more

leave a comment

newsletter

Subscribe to my email list and stay
up-to-date!

    recent articles

    Orange reports major cyberattack, warns of service disruptions

    Security / July 29, 2025

    Hackers leak images and comments from women dating safety app Tea

    Data Breach / July 29, 2025

    Pro-Ukraine hacktivists claim cyberattack on Russian Airline Aeroflot that caused the cancellation of +100 flights

    Hacktivism / July 29, 2025

    Seychelles Commercial Bank Reported Cybersecurity Incident

    Data Breach / July 29, 2025

    Microsoft uncovers macOS flaw allowing bypass TCC protections and exposing sensitive data

    Hacking / July 29, 2025

    To contact me write an email to:

    Pierluigi Paganini :
    pierluigi.paganini@securityaffairs.co

    LEARN MORE

    QUICK LINKS

    • Home
    • Cyber Crime
    • Cyber warfare
    • APT
    • Data Breach
    • Deep Web
    • Digital ID
    • Hacking
    • Hacktivism
    • Intelligence
    • Internet of Things
    • Laws and regulations
    • Malware
    • Mobile
    • Reports
    • Security
    • Social Networks
    • Terrorism
    • ICS-SCADA
    • POLICIES
    • Contact me

    Copyright@securityaffairs 2024

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities...
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT