Concentric Finance Platform Faces Security Crisis: $1.6 Million Vanishes in DeFi Heist
In an alarming turn of events, Concentric Finance, a prominent player in the Decentralized Finance (DeFi) sector, has been victimized in a security breach. The unsettling incident has led to a staggering loss of $1.6 million, sending shockwaves through the DeFi community. Built on the robust Camelot v3 protocol, Concentric Finance was considered a stronghold…