Ethical hacker intercepts $2.6M in Morpho Labs exploit

Quick Summary:

The Morpho Labs team said they’ve identified the issue and applied a fix. They added that they would publish a more detailed explanation of the incident next week. Cointelegraph reached out to the Morpho Labs team on X but did not receive a response by publication. Related: MEV bot loses $180K in ETH from access control exploitWhite hat MEV operator c0ffeebabe.ethC0ffeebabe.eth is known to have contributed to the recovery of funds during DeFi hacks.

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.

The Morpho team will provide a detailed update later today in this thread.”After further investigation, the team confirmed that its front-end was safe and that users don’t need to perform additional actions to secure their assets. The team said the update was pushed to enhance the transaction flow.

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Article Details

Author / Journalist: Cointelegraph by Ezra Reguerra

Category: Crypto

Markets: United StatesChinaMali

Topics: Address Hacker Protocol Update Morpho Team Funds Million White Front-end Labs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 11:21:45 (4 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27786792

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