Paddle: Convergence was attacked, resulting in a loss of approximately $210,000.

Sep 11, 2024 21:24:47

according to the monitoring by Shield, the DeFi protocol Convergence has been attacked, resulting in a loss of approximately $210,000. The hacker minted about 58 million CVG, which were then exchanged for 60 WETH and 15,900 crvFRAX.

The vulnerability is part of the CvxRewardDistributor contract, which did not validate (untrusted) user input for claiming rewards.

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