TribeDAO and Rari Capital Fuse Market Hack Recap

đź’° $80M gone in seconds

By Nexus Mutual
Oct 10, 2024, 2:05 PM
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In April 2022, a significant hack targeted TribeDAO and Rari Capital's Fuse Market:

  • Hackers exploited a money market vulnerability
  • Damage totaled $80M across various Rari Capital pools
  • Nexus Mutual stepped in to support affected users:
    • Paid out over $5M in claims to cover holders
    • Demonstrated the importance of crypto insurance alternatives

This incident highlights the ongoing security challenges in DeFi and the crucial role of protection mechanisms like Nexus Mutual in mitigating risks for users.​

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