Steadefi

Steadefi Loses $1.14 Million to Deployer Address Compromise

Summary # Steadefi, a yield farming platform on Arbitrum and Avalanche, reported a loss of $1.14 million due to a compromised deployer address. The exploit allowed the attacker to assume control over the platform’s vault contracts, leading to the unauthorized borrowing of all available funds. The total value locked (TVL) in Steadefi dropped from over $2 million to almost $0 as a result. The funds were converted to approximately 625 ETH and landed in Tornado Cash. ...