Hacks and exploits are continuously harming the decentralized finance industry as another vanity wallet address follows the roster of DeFi victims.
Due to those hacks and exploits, the DeFi space has lost over $1.6 billion this year.
A blockchain security company, PeckShield, had issued a warning stating that a hacker was noticed after swiping out 732 Ether (ETH), almost $950,000, from an address made at the Ethereum vanity wallet address generator known as Profanity. After swiping off the wallet, the hackers sent the token to was newly approved crypto mixer Tornado Cash.