Renzo is an Ethereum liquid replication platform. It was the latest defi to announce a compromise on July 22, 2017.
A community alert warns of rogue acts hijacked Renzo Protocol Discord Server on Monday posted malicious links as part of an apparent phishing attack. Renzo has warned its members not to interact with any posts or messages until further notice. As of press time it wasn’t clear if there were any user losses or if the hackers had stolen any money.
Renzo native token REZNews of the incident had little impact on. The crypto showed an upward trend of 0.7%, whereas several digital assets experienced modest drops.
The Liquid Restaking Protocol (LST), according to DefiLlama holds over 14 billion dollars in deposits from users. The EigenLayer defi, which allowed users staked Ether to secure networks and earn an additional yield (added value), was the main reason for their popularity.stETH).
Renzo, the second biggest liquid refining provider in the industry, has seen a drop of 44 percent in just the past month.
Renzo is targeted by bad actors and defi
Hacking attacks are a constant threat to the LST defi platform. Last year, scammers were able to hack into the LST platform. stole Nearly $1,000,000 was received via a fake Across Protocol Discord Server.
This is a bad actor mimicked In September, criminals took over $6 million worth of crypto by using platforms such as X. Hackers targeted the defi.com domain in an attack against Squarespace. Celer Network was one of the top protocols, and Compound Finance came in second. impacted Before the problem was solved.
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Source: crypto.news
