Defi Hack Alert: StakeSteak lost nearly $200,000 in an exploit. Here’s what happened

The Defi protocol on the Fantom network, StakeSteak suffered an exploit today of 80,636 FTM along with 81,351 USDC, amounting to, $196,439. According to a Post-mortem release by the protocol, the hack was caused by a private key that was scraped from one of its repositories on Github that had been there for over 5 months. In a press release, the protocol claimed ownership for the exploit and admitted that this was a “fatal slip”.