Cover Protocol Attack Perpetrated by ‘White Hat,’ Funds Returned, Hacker Claims

The decentralized finance (DeFI) insurance project Cover Protocol was hacked earlier Monday in an infinite printing scheme, causing the price of the Cover token to plunge. Hours later, a so-called ‘white hacker’ claimed responsibility for the attack, saying all funds had been returned.

The exploiter has cashed out over $4 million including about 1400 either, one million DAI and 90 WBTC.

This story is developing and will be updated.