Grap Finance Claims Responsibility for $4M Cover Protocol Hack, Returns Funds
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Grap Finance Claims Responsibility for $4M Cover Protocol Hack, Returns Funds

THELOGICALINDIAN - The Cover Protocol drudge aloof got added absorbing as Grap Finance devs affirmation albatross for the advance adage Cover should handle their own sht abutting time

Cover Protocol absent about $4 million to an accomplishment beforehand today as hackers apparent a way to accolade themselves COVER tokens at will. After the hackers awash the funds on 1inch, the token’s amount bashed about 95% from $859 to $50 afore convalescent slightly.

Grap Finance Saves Cover

The case saw added developments aloof hours ago back Grap Finance developers acquaint a cheep claiming albatross for the attack.

Grap Finance devs appear that they had alternate all funds and fabricated no gains, bluntly advertence that the activity should booty affliction of their vulnerabilities by themselves in future.

Grap developers didn’t busy on the account abaft the attack, and it’s accessible that it was aimed as a publicity stunt.

The Grap association has abundantly reveled in the hack, with Twitter users calling the Grap devs “madlads” and “based.” Some alike went so far as to say that the advance “saved” Cover by pointing out the accomplishment and abiding the funds, admitting the appulse the advance had on badge holders.

Meanwhile, CoinGecko shows that the GRAP badge is up over 4,537% today. The amount acknowledgment is acceptable a aggregate of a new badge advertisement on the MXC barter and publicity surrounding their accessible advance on Cover.