POPA ReconWasabi Protocol has been exploited for $4.5 million
Wasabi Protocol has been exploited for $4.5 million According to Blockaid, the Wasabi deployer EOA was used to grant an attacker-controlled helper contract admin access. The attacker then upgraded the protocol’s UUPS contracts, including the perp vaults, to a malicious implementation. Wasabi is a platform for leveraged trading using pooled on-chain liquidity. It allows users to borrow funds from shared vaults to amplify exposure, similar to perpetual-style trading. 👉 x.com/blockaid_/status/2049768426181104095?s=20
The excerpt is quoted from a public Telegram channel, which owns its text.