A known maximal extractable value (MEV) white hat actor intercepted about $2.6 million in crypto assets stolen from Morpho Labs’ decentralized finance (DeFi) protocol.
On April 10, Morpho Labs implemented a front-end update on its Morpho Blue application. A day later, a hacker breached an address through a vulnerability caused by the update. Blockchain security firm PeckShield data-ct-non-breakable=”null” href=”https://x.com/PeckShieldAlert/status/1910584222315586044″ rel=”null” target=”null” text=”null” title=”null”>reported that an address lost $2.6 million due to the vulnerability.
However, the security firm noted that “c0ffeebabe.eth,” a known white hat MEV operator, had…
