Fei is a decentralized, scalable, and DeFi-native stablecoin protocol. Fei Protocol creates a tight peg by providing $1 redeemability for FEI using PCV.
Fei was exploited for $80M from the various Rari Fuse Pools. The developers offered the exploiter $10M bounty in exchange for the return of the remaining user funds.
According to Peckshield, a classic reentrancy attack was utilized.
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