Pike Finance admits to error following $1.7 million exploit, denies fault of USDC

On May 1, DeFi protocol Pike Finance corrected its description of a recent exploit and said it was not caused by a USDC vulnerability, as previously stated. According to the company’s latest statement: “The term ‘USDC vulnerability’ was inaccurate for summarizing last week’s exploit.” Instead, weaknesses in Pike’s contract functions, particularly issues related to the […]

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