Incident Overview
The DeFi insurance project ArmorFi has paid a $1.5 million bug bounty to the white hat hacker Alexander Schlindwein. Because the hacker discovered a "critical loophole" in the agreement, and may cause all the company's underwriting funds to be depleted.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.