Cover Protocol
Cover Protocol May Launch New Token Following Attack
Dec 28, 2020
Cover Protocol announced it’s exploring launching a new COVER token after its current one was abused in a minting attack by a “white hat” hacker on Monday morning.
The exploiter has cashed out over $4 million including about 1,400 ether, one million DAI and 90 WBTC.
DeFi insurer Cover Protocol, designed to reduce smart-contract failure risks, was exploited by a bug in its smart contract on Monday morning.