The decentralized finance (DeFi) ecosystem witnessed yet another setback as the lending platform and stablecoin issuer Seneca Protocol fell victim to a cyber exploit, confirmed via an official announcement on its X account dated February 28. The incident, meticulously analyzed by the blockchain analytics entity CertiK, culminated in losses estimated at $6.4 million. In response … Continue reading Seneca DeFi Platform Suffers $6.4 Million Security Breach