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Warp Finance Recovers $5.8 Million Days After Hack
DeFi project Warp Finance said Sunday its efforts to recover stolen funds from last week’s $7.7 million hack were partially successful, with over $5.85 million recovered as of this morning. The project is a decentralized lending platform that allows users to deposit Liquidity Provider (LP) tokens—issued to users who provide liquidity on decentralized exchanges like Uniswap—and take out stablecoin loans (against the LP tokens as collateral). Warp said it was able to recover the liquidity provider tokens that represented the collateral for $5.85 million. “We successfully recovered the exploiter’s loan ... (full story)