On May 27, Stake DAO's Arbitrum protocol was exploited via an infinite-minting vulnerability, allowing an attacker to create 5.4 trillion synthetic vsdCRV tokens and drain about $91,000 from liquidity pools. The Stake DAO team quickly secured mainnet funds, shut down the vsdCRV bridge, and limited the exploit's impact to Arbitrum, ensuring no further losses. The Arbitrum asdCRV Llamalend market will be permanently closed, and users are advised to move funds to unaffected markets. Law enforcement and security partners are involved to track stolen assets and audit the breach, highlighting ongoing DeFi security challenges.
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