Security
Cozy Finance exploit drains $160K after attacker games UMA oracle
The Cryptonomist·September 7, 2026·1 min read
Cozy Finance confirmed an exploit resulting in roughly $160,000 in losses after an attacker manipulated the UMA Optimistic Oracle. The decentralized insurance protocol allows users to buy coverage against failures in other crypto protocols, becoming the latest DeFi security cautionary tale.
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