Bankroll Network Suffers $230,000 DeFi Exploit: Phishing Scammer Exploits CoW Protocol

The decentralized finance (DeFi) landscape has been shaken once again, this time with Bankroll Network, a prominent lending platform, reporting a loss of $230,000 due to a loan exploit. The incident highlights the ongoing vulnerabilities within the DeFi ecosystem, as attackers continue to find innovative ways to exploit weaknesses. Compounding the issue, a separate phishing scam has come to light where the perpetrator utilized the CoW protocol, a popular tool for decentralized trading, to launder stolen funds. This incident serves as a stark reminder of the importance of security measures within the DeFi space and the need for vigilance against phishing attempts.