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Two DeFi exploits total $578M; risk parameters existed but were not enforced in transaction paths
Two DeFi exploits resulted in $578M in losses, with neither being a traditional hack. Risk parameters were documented but not enforced during transactions, highlighting a gap between policy and execution.
Heat
99
Confidence
90%
Evidence
6
Updated
Why It Happened
The exploits occurred because risk parameters were only available in documentation and dashboards, not integrated into the transaction path. This allowed attackers to exploit protocols despite existing safeguards.
Outcome So Far
Losses of $578M; calls for policy checks before settlement rather than post-mortems.
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Parent event 03
TeoMercer reports two DeFi exploits totaling $578M
TeoMercer tweets that two DeFi exploits resulted in $578M in losses, noting that neither was a traditional hack and that risk parameters existed but were not enforced in the transaction path. He highlights @newton_xyz as adding policy checks before settlement.
Related posts@TeoMercer