dForce Lending Platform Drained in Exploit
- DeFi
- Lending
- Security
Chinese lending platform dForce suffered a brutal exploit, losing all its liquidity to an attacker exploiting a known vulnerability. The hack, which mirrored tactics used in prior DeFi attacks, wiped out user funds and sparked CT outrage over copy-paste protocols. Roughly $25 million was stolen, though exact figures vary. This disaster became a wake-up call for DeFi security in 2020. CT dubbed it a textbook case of 'code is law' gone wrong.
Incident Details
- Type
- PROTOCOL EXPLOIT
- Funds Lost
- $25M
- Status
- Total loss
All liquidity was drained from the platform, severely damaging trust in dForce and highlighting DeFi security risks in 2020.