Temple DAO Exploited For $2M | Bitcoinist.com

Hackers strike again this week, this time at the expense of an available exploit within Temple DAO’s code. Temple’s “STAX Finance” protocol, which provided a liquidity pool of TEMPLE and FRAX tokens was exploited early Tuesday, resulting in $2.3M worth of tokens seized by the hacker.

Let’s look at what we know in the early hours of the exploit.

Down Goes The Temple

The protocol suffered a vulnerability in the staking ‘migrateStake’ function, according to blockchain auditors Paladin. The exploit was first called out by Spreek on Twitter. Arguably the most