Rodeo Finance Drained on Token Launch Day
- DeFi Protocol
- Security
Rodeo Finance launched its token and suffered an immediate smart contract exploit draining roughly $90,000. The bug allowed unauthorized withdrawals from project vaults on the same day public trading began. CT noted it as the second hit to the protocol in one week, accelerating its shutdown.
Incident Details
- Type
- PROTOCOL EXPLOIT
- Funds Lost
- $90K
- Status
- Total loss
Project officially wound down after repeated drains