December 31, 2020 Cover Protocol hacked

Cover Protocol, a decentralized insurance provider, was hacked on Dec 28th. The hacker, Grape.Finance, exploited the protocols rewards program, causing it to mint 40 quintillion COVER tokens, which were then sold for $4 million in cryptoassets, but later returned. The protocol has since warned users not to buy COVER tokens, and has indicated that it may launch a new token.

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