Mozaic Finance, a decentralized finance (DeFi) platform, recently fell victim to a hack on the Arbitrum network, resulting in the loss of $2.4 million. The breach occurred due to a vulnerability in a private key, allowing the attacker to exploit a specific contract function called “bridgeViaLifi,” accessible only by a developer wallet. It’s suspected that the compromise of a private key led to this incident. In an official announcement, Mozaic Finance revealed that the funds were held on the MEXC_Official exchange, expressing confidence that the necessary procedures would facilitate the return of the funds. MOZAIC SECURITY INCIDENT What Happened• About 12…
