Concentric Finance Yield Aggregator Hit for $1.8M
- DeFi
- Security
Concentric Finance vaults were drained of $1.8 million via a compromised team deployer wallet. The attacker exploited access to a known vulnerability vector. ZachXBT and others traced the funds while the team stayed silent on key management failures. CT labeled it another predictable admin key disaster.
Incident Details
- Type
- PROTOCOL EXPLOIT
- Funds Lost
- $1.8M
- Status
- Total loss
Project abandoned, funds never recovered