Santa Hackathon? Visor Finance Marks 7th Hack in December
Liquidity management decentralized finance (DeFi) protocol Visor Finance is the latest victim of a DeFi hack, with the protocol estimated to have lost USD 8.2m worth of digital assets - and becoming the 7th crypto establishment to get exploited in the last month of the year.
As reported, December has seen an exceptional rise in the number of DeFi hacks and exploits. So far this month, DeFi projects Badger DAO, Bitmart, AscendEX, Vulcan Forged, Grim Finance, and Bent Finance have been exploited for various amounts of cryptocurrencies.
Meanwhile, Visor Finance’s team confirmed the hack in the late hours of December 21, saying that the staking contract had been exploited and that they would reimburse affected users.
"We are aware of an exploit of
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