{"id":24346,"date":"2025-05-28T16:49:04","date_gmt":"2025-05-28T13:49:04","guid":{"rendered":"https:\/\/forklog.com\/en\/hacker-extracts-12-million-from-cork-protocol\/"},"modified":"2025-05-28T16:49:04","modified_gmt":"2025-05-28T13:49:04","slug":"hacker-extracts-12-million-from-cork-protocol","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/hacker-extracts-12-million-from-cork-protocol\/","title":{"rendered":"Hacker Extracts $12 Million from Cork Protocol"},"content":{"rendered":"<p>A hacker exploited a vulnerability in the smart contracts of the DeFi protocol Cork Protocol, stealing $12 million in cryptocurrency, according to Cyvers Alerts specialists.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">?ALERT?Our system has identified a $12M smart contract exploit, with <a href=\"https:\/\/twitter.com\/Corkprotocol?ref_src=twsrc%5Etfw\">@CorkProtocol<\/a> potentially the victims.<\/p>\n<p>A malicious contract was deployed on May 28, 2025 at 11:23:19 UTC by an address funded by 0x4771\u2026762B (likely a service provider).<br \/>Just 16 minutes and 45 seconds\u2026 <a href=\"https:\/\/t.co\/72ScizbJPZ\">pic.twitter.com\/72ScizbJPZ<\/a><\/p>\n<p>\u2014 ? Cyvers Alerts ? (@CyversAlerts) <a href=\"https:\/\/twitter.com\/CyversAlerts\/status\/1927701403092316254?ref_src=twsrc%5Etfw\">May 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On May 28, the hacker deployed a malicious contract. In less than 17 minutes, they withdrew 3761.87 wstETH and immediately exchanged them for Ethereum. The stolen funds have not yet been moved.<\/p>\n<p>The Cork team confirmed the incident and suspended all contracts. Developers are investigating and promised to provide details later.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">We are investigating a potential exploit and are pausing all contracts. We will report back with more information as soon as possible.<\/p>\n<p>\u2014 Cork Protocol (@Corkprotocol) <a href=\"https:\/\/twitter.com\/Corkprotocol\/status\/1927706742747471895?ref_src=twsrc%5Etfw\">May 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The project, which offers a tool for tokenizing depeg risk, launched its mainnet on the Ethereum network on March 4. Launch partners included Lido Finance and Ethena Labs.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? Cork has launched its beta on Ethereum Mainnet!<\/p>\n<p>We\u2019re introducing a new DeFi primitive that tokenizes the risk of depeg events.<\/p>\n<p>With our key launch partners <a href=\"https:\/\/twitter.com\/LidoFinance?ref_src=twsrc%5Etfw\">@lidofinance<\/a>, <a href=\"https:\/\/twitter.com\/ether_fi?ref_src=twsrc%5Etfw\">@ether_fi<\/a>, <a href=\"https:\/\/twitter.com\/ethena_labs?ref_src=twsrc%5Etfw\">@ethena_labs<\/a>, and <a href=\"https:\/\/twitter.com\/SkyEcosystem?ref_src=twsrc%5Etfw\">@skyecosystem<\/a>, Cork is initiating a new phase of DeFi defined by more\u2026 <a href=\"https:\/\/t.co\/EmdPCdDnmT\">pic.twitter.com\/EmdPCdDnmT<\/a><\/p>\n<p>\u2014 Cork Protocol (@Corkprotocol) <a href=\"https:\/\/twitter.com\/Corkprotocol\/status\/1896950246254805297?ref_src=twsrc%5Etfw\">March 4, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier in May, attackers <a href=\"https:\/\/u1f987.com\/en\/news\/hackers-drain-11m-from-cetus-pool-on-sui\">targeted<\/a> the DEX Cetus pools on the Sui network. The platform team <a href=\"https:\/\/u1f987.com\/en\/news\/cetus-offers-hacker-6-million-for-return-of-20920-eth\">offered<\/a> the hacker $6 million for the return of 20,920 ETH.<\/p>\n<p>Dedaub specialists <a href=\"https:\/\/u1f987.com\/en\/news\/analysts-uncover-cause-of-cetus-hack\">explained<\/a> the breach as a vulnerability in the liquidity parameter checks of the automated market maker.<\/p>\n<p>Subsequently, Sui validators <a href=\"https:\/\/u1f987.com\/en\/news\/sui-validators-approve-plan-to-restore-162-million-to-cetus-users\">approved<\/a> a plan to recover $162 million for Cetus users. The vote will conclude on June 3.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A hacker exploited a vulnerability in the smart contracts of the DeFi protocol Cork Protocol, stealing $12 million in cryptocurrency, according to Cyvers Alerts specialists. ?ALERT?Our system has identified a $12M smart contract exploit, with @CorkProtocol potentially the victims. A malicious contract was deployed on May 28, 2025 at 11:23:19 UTC by an address funded [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,1093],"class_list":["post-24346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"77","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=24346"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/24345"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=24346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=24346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=24346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}