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Token ETH
Token WSTETH

2 days

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SOC Team

Hacker stole 3,762 wstETH ($12M) from Cork Protocol

Total tokens transferred

Token WSTETH

3.762K

WSTETH

Token ETH

4.53K

ETH

Cork Protocol (@Corkprotocol) was recently hacked for 3,762 wstETH ($12M):

 

Notably:

  • Cork is the protocol for tokenizing the risk of depeg events for stablecoins and liquid (re)staking tokens.
  • Within 15 minutes after the attack, the hacker had exchanged 3,762 wstETH for 4,530 ETH ($12M).

 

Fig 1. Hacker stole 3,762 wstETH ($12M) from Cork Protocol.

 

Fig 2. Hacker swapped the stolen funds for ETH.

 

Fig 3. Cork Protocol informed users of the hack on its official X (formerly Twitter) account.

#hack
#cork protocol
#tokenized risk