Cork Protocol Suffers $12 Million Exploit; 3,760 wstETH Stolen in Contract Deployed May 28

On May 28, 2025, a smart contract exploit resulted in the unauthorized transfer of approximately 3,760 wrapped staked Ether (wstETH), valued at around $12 million, from the Cork Protocol. The malicious contract was deployed at 11:23:19 UTC by an address funded by 0x4771...762B, which is believed to be a service provider. The exploit was detected within 16 minutes and 45 seconds by multiple security monitoring systems, including CertiK, Phalcon, and others. The stolen wstETH was transferred to the address 0xEA6f30e360192bae715599E15e2F765B49E4da98. Security teams have issued alerts and advised vigilance following the incident.

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