TechFlow news, May 28 — According to Cyvers monitoring, a smart contract vulnerability worth $12 million has been detected, with tokenized risk protocol Cork Protocol identified as the potentially compromised protocol. On May 28, 2025 at 11:23:19 UTC, an address funded by an address starting with 0x4771 (possibly a service provider) deployed a malicious contract. Just 16 minutes and 45 seconds later, the attacker executed the exploit, withdrawing 3,761.87 wstETH and quickly converting it into ETH. The funds have not yet been transferred to other addresses.
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