Cork Protocol's ongoing investigation into a smart contract exploit emphasizes the urgent need for enhanced security measures in the DeFi sector following the $12 million theft.
Cork Protocol is investigating a hack that led to the theft of approximately $12 million in wrapped staked Ethereum (wstETH). The incident, identified on May 28, 2025, involved a smart contract vulnerability, prompting the protocol to pause all contracts. The stolen funds, totaling 3,761.87 wstETH, remain in the attacker's wallet and have not been transferred elsewhere.