Fei protocol, an Ethereum-based decentralized exchange, has suffered an extensive security breach after which more than $80 million worth of crypto assets were stolen.
Fei Protocol soon got aware of the security breach and suspended all activities temporarily on the affected pools to mitigate further damage.
The project also offered a $10 million bounty to the hackers to return the stolen funds.
TPRM report: https://scoringcyber.rankiteo.com/company/fei-protocol
"id": "fei20426822",
"linkid": "fei-protocol",
"type": "Breach",
"date": "04/2022",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization's existence"
{'affected_entities': [{'industry': 'Cryptocurrency',
'name': 'Fei Protocol',
'type': 'Decentralized Exchange'}],
'description': 'Fei protocol, an Ethereum-based decentralized exchange, has '
'suffered an extensive security breach after which more than '
'$80 million worth of crypto assets were stolen.',
'impact': {'financial_loss': '$80 million',
'operational_impact': 'All activities temporarily suspended',
'systems_affected': 'Affected pools'},
'motivation': 'Financial Gain',
'response': {'containment_measures': 'Suspended all activities temporarily on '
'the affected pools'},
'title': 'Fei Protocol Decentralized Exchange Security Breach',
'type': 'Security Breach'}