Concentric.fi: A team member holding the contract deployer wallet has fallen victim to a targeted social engineering attack

ChainCatcher news, Concentric.fi officially stated on social media that a team member holding the contract deployer's wallet was targeted in a social engineering attack. The attacker exploited a vulnerability to upgrade the vault, mint new LP tokens, and then drained the platform's assets. The platform has initiated an investigation and contacted several security researchers to analyze the vulnerability, prevent further damage, and identify the exploiters.

In addition, the project team will release a detailed post-mortem analysis report as soon as possible to help users understand the incident and their plans to address the vulnerability. The platform is currently exploring all possible options to mitigate losses and protect the interests of the community.