Major DeFi Protocol Hacked for $200M in Sophisticated Attack

A major DeFi protocol suffered one of the largest hacks in crypto history when attackers exploited a previously unknown vulnerability in their cross-chain bridge contract. - Attack Details: Hackers drained $200M in multiple tokens over several hours before the protocol team could respond. - Root Cause: A logic error in the bridge contract's validation mechanism allowed unauthorized withdrawals. - Industry Response: Multiple protocols paused operations to audit similar code patterns. - Recovery Efforts: The protocol offered a 10% bounty for return of funds and is working with authorities to trace the stolen assets through blockchain forensics.