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DeFi protocol Inverse Finance suffers exploit, loss of $15 million in crypto

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Inverse Finance, a lending-focused decentralized finance protocol, was the target of an apparent exploit on Saturday, with approximately $15 million worth of crypto lost during the incident.

The team acknowledged the situation in a Saturday morning tweet, posting:"We are currently addressing the situation please wait for an official announcement." A similar message was posted on the Discord server for InverseDAO, the governing structure for the protocol.

 

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