Raft DeFi Platform Loses $3.3M in Hack, But Attacker Destroys Most Stolen ETH and Likely Loses Money Overall
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Raft DeFi platform lost $3.3M in ETH after being hacked on Friday.
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Attacker drained 1,577 ETH from Raft, but sent 1,570 ETH to a burn address, destroying most of the stolen assets.
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Attacker was left with only 14 ETH, fewer than the 18 ETH they started with, meaning they likely lost money.
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Raft's R stablecoin dropped 50% after the hack but later rebounded to around 70 cents.
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This was the 2nd major crypto exploit on Friday after $114M was drained from Poloniex exchange.