Attacker Exploits Mirage Finance Hours After Its Goes Live

Mirage Finance, a DeFi protocol launched just hours before, has been exploited by the attackers draining initial liquidity of $12k from the protocol. 

Blockchain security firm PeckShield noted that the attacker is the same entity who previously exploited Beluga DEX who withdrew 0.2 ETH from OKX exchange to execute the hack.

#PeckShieldAlert Mirage Finance $MRG has been exploited for ~$12K, $MRG has dropped -54%The exploiter labeled as @Belugadex exploiter and originally funded 0.2 $ETH from #OKX — PeckShieldAlert (@PeckShieldAlert) November 8, 2023

Mirage Finance just announced its launching on mainnet while also sharing liquidity locking for 1 year with renounced contract ownership. Its token MRG is currently down more than 54% and protocol’s website also seems taken down. 

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2023-11-08 10:44