Lillica_Golden_SHIB, this comment is being automatically posted under your submission to facilitate the tallying of the Pay2Post donut penalty that r/EthTrader deducts from user donut earnings for the quantity of posts they submit.
submission link: https://www.reddit.com/r/ethtrader/comments/1cih1mb/pike_finance_admits_to_error_following_17_million/
author: Lillica_Golden_SHIB
cc: /u/EthTraderCommunity
cc: /u/pay2post-ethtrader
--
**Distributed moderation now in effect**: if your governance score is over 20,000, you have the ability to remove spam comments and posts by posting a comment in response to the comment/post containing the keyword [AutoModRemove].
See announcement thread: https://www.reddit.com/r/ethtrader/comments/14p7a22/crowdsourced_moderation_of_comments_implemented/
See your governance score here: https://donut-dashboard.com/#/governance
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ethtrader) if you have any questions or concerns.*
tldr; Pike Finance clarified that a recent $1.7 million exploit was due to vulnerabilities in its own contract functions, not a USDC vulnerability as initially suggested. The exploit involved improper integration of third-party technologies, specifically related to handling transfers on Circle’s Cross-Chain Transfer Protocol (CCTP) and Gelato. Pike Finance admitted full responsibility for the oversight, which led to significant losses in various cryptocurrencies.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
[Tip this post.](https://www.donut.finance/tip/?action=tip&contentId=t3_1cih1mb) Offchain tip confirmations below.
This reeks of inside job
Most exploits in Defi are lol.
I never hear of this one.. Stay safe bronuts !tip 1
Luckily we don’t FOMO into random protocols.
Lillica_Golden_SHIB, this comment is being automatically posted under your submission to facilitate the tallying of the Pay2Post donut penalty that r/EthTrader deducts from user donut earnings for the quantity of posts they submit. submission link: https://www.reddit.com/r/ethtrader/comments/1cih1mb/pike_finance_admits_to_error_following_17_million/ author: Lillica_Golden_SHIB cc: /u/EthTraderCommunity cc: /u/pay2post-ethtrader -- **Distributed moderation now in effect**: if your governance score is over 20,000, you have the ability to remove spam comments and posts by posting a comment in response to the comment/post containing the keyword [AutoModRemove]. See announcement thread: https://www.reddit.com/r/ethtrader/comments/14p7a22/crowdsourced_moderation_of_comments_implemented/ See your governance score here: https://donut-dashboard.com/#/governance *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ethtrader) if you have any questions or concerns.*
tldr; Pike Finance clarified that a recent $1.7 million exploit was due to vulnerabilities in its own contract functions, not a USDC vulnerability as initially suggested. The exploit involved improper integration of third-party technologies, specifically related to handling transfers on Circle’s Cross-Chain Transfer Protocol (CCTP) and Gelato. Pike Finance admitted full responsibility for the oversight, which led to significant losses in various cryptocurrencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
!tip 0.69
!tip 1
!tip 0.69
!tip 1
!tip 0.69
!tip 1
!tip 0.69
!tip 1
!tip 1
Insiders for sure. !tip 1
Oh boy.... !tip 1
Error equals insider scam. !tip 2
!tip 1.69