DeFiCarrot Warns CRT Holders of Estimated 50% Loss After Drift Exploit

Following the Drift exploit, DeFiCarrot says CRT holders could face major losses if funds are not recovered and has urged users to unwind related positions.

Summary

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Terms & Concepts
  • Exploit: A security breach that uses a vulnerability in a protocol or platform to extract or misuse funds.
  • NAV: Net asset value, the per-unit value of a fund or asset pool after accounting for its holdings and liabilities.
  • Redemptions: The process of exchanging a fund or token for its underlying value or assets, subject to platform rules.