loss of funds


Swerve Finance, a decentralized finance (DeFi) platform, has fallen prey to a governance attack that has resulted in a loss of $1.3 million in locked funds. The attack, which occurred on March 16, 2023, has left the platform struggling to regain user confidence and recover from the significant financial loss. Abandoned Swerve Finance Targeted by Governance Attack Swerve Finance had already been struggling with low user activity and a diminishing total value locked (TVL) when…