Minterest Protocol Drained for $16M
- DeFi
- DeFi Protocol
- Security
Minterest lending protocol on Ethereum suffered a $16 million exploit on July 14 2024. Attackers targeted the Ethereum deployment and drained funds through a vulnerability. The incident added to July 2024's string of DeFi losses.
Incident Details
- Type
- PROTOCOL EXPLOIT
- Funds Lost
- $16M
- Status
- Ongoing
Protocol paused operations pending investigation