Ethereum retaker Renzo reports a Discord breach

Renzo, an ethereum liquidity rewriting platform, was the latest DeFi operator to report a compromise as of July 22.

According to a community alert, corrupt actors x.com/RenzoProtocol/status/1815341217414357311″ target=”_blank” rel=””>kidnaped On Monday, Renzo Protocol hacked into the Discord server and posted malicious links in an apparent phishing attack. Renzo warned members to refrain from interacting with posts or messages sent by anyone until further notice. At the time of publication, it was unclear whether users suffered losses or if hackers stole funds.

Renzo’s native token, REZ, was not affected by the news. The cryptocurrency showed a slight upward movement of 0.7%, while several digital assets registered modest declines.

<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“>

Liquid Rewrite Protocols (LST) hold over $14 billion in user deposits per DefiLlama. These platforms gained popularity due to the hype around EigenLayer, a DeFi tool that allowed users to earn extra yield and secure other networks by using staked Ether (stETH).

Despite a 44% drop in the past 30 days, Renzo remains the second-largest liquid re-staking provider on the market.

Bad actors target Renzo and Defi

The LST platform is one of many decentralized solutions facing an onslaught of hacking attempts. Late last year, scammers stole nearly $1 million through a fake Across Protocol Discord server.

Malicious actors mimicked CertiK’s Discord link for a phishing campaign, and criminals stole over $6 million worth of cryptocurrency using social media platforms like x last September. More recently, hackers targeted defi domains in a widespread attack on registrar Squarespace. Major protocols Celer Network and Compound Finance were affected before the issue was resolved.