Reddio Hit with $13,400 Loss Due to stETH Vault Exploit

Reddio, a cryptocurrency platform, has reported a significant loss of approximately 9.25 ETH due to a flaw in its stETH vault implementation.

The incident involved an attacker manipulating the rsvETH share price, resulting in a double-counting flaw that allowed them to exploit cross-vault assets.

This event raises concerns over the security of decentralized finance (DeFi) protocols and may lead to increased scrutiny on vault implementations and security measures in the crypto space.