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$145K Lost as Hackers Use Merkl to Launch Unverified DeFi Scams

Hackers have found a new way to exploit decentralized finance (DeFi) users. This time, they used Merkl, a one-stop DeFi incentive platform, to create fake, unverified campaigns and drain users’ deposits. The scam targeted users on Sonic through the Euler protocol. It has already caused losses of more than $145,000. Hackers Create Fake High-Yield Campaigns […]

Shweta Chakrawarty

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