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Popsicle Finance Loses $20.7M in Cyberattack

Decentralized finance (DeFi) market maker Popsicle Finance was hacked in a cyberattack that drained $20.7 million from one of its liquidity pools.

  • The exploit affected Popsicle’s Sorbetto Fragola (UniswapV3 Optimizer) pool, according to an announcement Wednesday.

  • Popsicle’s other contracts weren’t affected.

  • The hacker made off with $20.7 million in various crypto, including a combined $10 million in USDC and tether.

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