Skyward Finance Was Attacked By Hackers Caused Damage Over $3 Million

A hacker stole $3 million from Skyward Finance, a Near Protocol launchpad initiative.

Skyward Finance recognized the hack, stating that the Skyward Treasury had been plundered using a contract exploit.

The vulnerability was carried out in only one transaction, according to security firm BlockSec. The hacker redeemed more than 1.1 million bundled NEAR tokens ($3 million) in a loop from Skyward’s treasury contract in this transaction.

Once again, hackers are targeting the crypto space. It can be seen that this is one of the cases targeted in recent times. Last October also saw many serious hacks, typically BNB Chain Bridge or Mango Market.

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