Skip to content

Subscriber Only

Crypto

Crypto Hackers Swipe $77 Million in Attack on DeFi Projects

Attack targeted recently-merged Fei Protocol and Rari Capital
Hacker offered $10 million bounty to return remaining funds

By

Emily Nicolle and

Sidhartha Shukla

April 30, 2022, 2:06 PM UTC

From

Crypto projects Rari Capital and Fei Protocol said they suffered a $77 million hack on Saturday, five months after their merger.

An unverified Twitter account for Fei Protocol said it was aware of an exploit targeting multiple pools belonging to its merged partner Rari Capital. The tweet was verified by Fei founder Joey Santoro in a post to the decentralized-finance project’s Discord server.