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Magpie Protocol, a cross-chain infrastructure, has been exploited, resulting in approximately $129,000 stolen from 221 wallets. The exploit targeted the MagpieRouterV2 contract across multiple chains. Magpie Protocol has issued urgent warnings to its users to revoke any approvals for Magpie contracts to prevent further losses. Security firms including PeckShield and CertiK have also reported on the incident, noting that the exploiter's wallet contains roughly $128,000 worth of assets from various chains. Users are advised to check their wallets and revoke permissions using tools provided by interfaces like Rabby.
On April 23, the cross-chain infrastructure Magpie Protocol @magpieprotocol got exploited for ~💰$129k belonging to 221 wallets. After the exploit was detected, Magpie Protocol asked its users to revoke approvals for the MagpieRouterV2 contract on multiple chains. Magpie… https://t.co/rUK1b2XWZP
Pretty incredible - Renzo (ezETH) which is meant ot be pegged to ETH - dropped as low as US$700 today and many leveraged farmers got washed out. Trying to better understand the mechanics of what happened. ht @0xtommy_eth https://t.co/7Y92J3D3Ja
So Renzo eth holders got so mad at that chart that they market dumped and it depeged by 30% liquidating the users that were leverage loop farming eigen points lol. Filled a small amount of cheap renzo eth which was nice thank you for your sacrifices
