Mozaic Finance Suffers $2.4 Million Hack Through Private Key Vulnerability

In a startling revelation that underscores the persistent vulnerabilities within the decentralized finance (DeFi) sector, Mozaic Finance, a prominent yield farming application, fell victim to a sophisticated cyber-attack on March 15. The exploit, which resulted in a loss of $2.4 million, was executed on the Arbitrum network, a layer 2 scaling solution for Ethereum that…