Summary
TLDR: White hat hacker “c0ffeebabe.eth” saved 457.6 ETH worth $1.3 million in a DeFi exploit targeting the Blueberry Protocol. The protocol was paused to prevent further losses. This incident highlights the need for robust security measures in the DeFi space.
Key Points
1. A white hat hacker named “c0ffeebabe.eth” saved 457.6 Ethereum (ETH) worth $1.3 million in the Blueberry Protocol DeFi ecosystem from a significant exploit.
2. The Blueberry Protocol, a platform for lending and leveraged borrowing, was under threat on February 23, prompting urgent action from the protocol’s foundation to safeguard user funds.
3. The intervention of the white hat hacker and prompt response from the protocol’s foundation helped prevent further exploitation and secure the funds, highlighting the importance of proactive security measures in the DeFi space.