Hackers Attack MangoMarkets, TempleDAO, And QAN DeFi Platform

2022 is a rough year for the DeFi ecosystem as hackers continue exploiting the community. From the beginning of the year till now, news of DeFi protocol exploits keeps flooding the crypto industry. So the question is: why do hackers keep targeting decentralized finance protocols?

Today’s report reveals that three DeFi protocols have suffered hack exploits in the past 24 hours. First, TempleDAO, a yield farming protocol, reportedly got attacked yesterday. Peckshield security firm announced the attack on Tuesday, October 11. According to Peckshield, the hacker transferred 1,831 ETH worth approximately $2.34 million from TempleDAO.

The firm is yet to release comprehensive details of the attack. But it seems the exploit involved STAX and FRAX. STAX and FRAX are parts of TempleDAO’s staking vaults. Paladin Blockchain security said Temple