Security Incident · ETH Ecosystem
Pike Finance Contract Vulnerability: $1.68M Reported Loss
On April 30th, the cross-chain lending protocol Pike Finance tweeted that its Pike Beta protocol had been attacked, resulting in losses of 99,970.48 ARB, 64,126 OP, and 479.39 ETH.
- Reported loss
- $ 1,680,000
- Attack category
- Contract Vulnerability
Incident Overview
The exploit was caused by weak security measures in Pike's contract functions when handling CCTP transfers. On April 26th, Pike Finance's USDC pool was hacked, resulting in losses of approximately $300,000.
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.