DeFi's Achilles' Heel: Website Host Vulnerability Exposed

DeFi protocols are no strangers to hacking attacks, and the latest victim is Pendle Finance, which is warning users to be vigilant. The protocol has issued a stern warning, urging users to revoke access to its smart contracts immediately.

In a shocking turn of events, hackers have exploited a vulnerability in Pendle Finance's website host, compromising the security of the platform. The attack has left users scrambling to protect their assets, with the protocol promising to compensate those affected within 48 hours.

But Pendle Finance is not the only one affected. The Celer Network has revealed that dYdX, Axelar, Thorchain, and even its own protocol were also targeted. The news has since been deleted, but the damage is done.

This latest incident highlights the vulnerability of DeFi protocols, which are often built on shaky ground. With the rise of decentralized finance, the need for robust security measures has never been more pressing. But until then, users will continue to be exposed to the whims of hackers.

So, what can be done to prevent such attacks in the future? Should DeFi protocols be held accountable for their security lapses? Let us know in the comments!

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