cork

According to The Block, tokenization startup Cork announced the completion of a $5.5 million seed round financing, led by Andreessen Horowitz (a16z), CSX, and Road Capital, with participation from 432 Ventures, BitGo Ventures, Cooley, DEPO Ventures, Funfair Ventures, G20 Group, Gate Labs, Hyperithm Gate, IDEO Ventures, PEER VC, Stake Capital, and WAGMI Ventures.Cork is dedicated to building a "programmable risk layer," aimed at making the implicit risks in real-world assets transparent and tradable through tokenization. Its infrastructure allows asset managers, issuers, and others to create customized swap markets to enhance the redemption liquidity, risk transparency, and market confidence of on-chain assets. This tool can also be used to assess the risks of crypto-native products such as stablecoins and staked tokens. The team plans to launch the first production-grade risk markets in the coming months and expand collaborations with treasury and asset issuers.

ChainCatcher message, after the Cork Protocol attacker transferred 4,520 ETH to Tornado Cash yesterday and donated 10 ETH to the Tornado Cash developer legal fund.Tornado Cash co-founder Roman Storm posted on the X platform: "My lawyer cannot accept these funds, and these funds will be returned to the Cork team."

ChainCatcher message, according to monitoring by Pie Shield, an address marked as "Cork Protocol Exploiter 2" has transferred 4,520 ETH (worth approximately 11 million USD) to Tornado Cash and donated 10 ETH to "Free Alexey & Roman" (Tornado Cash developers' legal aid fund) on Juicebox.

ChainCatcher news, according to monitoring by PeckShield, the address marked as "Cork Protocol Exploiter 2" has transferred 1,410 Ethereum (approximately 3.4 million USD) to Tornado Cash.

ChainCatcher message, according to monitoring by Shield, the wallet address marked as the attacker of Cork Protocol has transferred 4,530.59 ETH (approximately 11.4 million USD) to the new address 0xFC0A...CDff4.

ChainCatcher news, according to Lookonchain monitoring, Cork Protocol was hacked and 3762 wstETH was stolen. Currently, the hacker has exchanged 3762 wstETH for 4530 ETH.

ChainCatcher news, according to the Cork Protocol announcement, at 11:23 UTC today, a security incident occurred in the wstETH:weETH market on the platform. Currently, to prevent further risks, Cork has suspended all other market trading, and no other markets are affected at this time. The team is actively investigating the cause of the incident and will continue to provide updates on the progress.

ChainCatcher message, SlowMist's Chief Information Security Officer 23pds tweeted that the Cork Protocol was attacked resulting in a loss of 12 million dollars. The SlowMist security team conducted a preliminary analysis of the attack reasons: it is suspected that the exchange rate can be externally controlled, leading to a price manipulation vulnerability.

ChainCatcher news, Slow Mist's Chief Information Security Officer @im23pds posted on the X platform stating that the Ethereum address of the Cork Protocol attacker holds 4,530.59 ETH, currently worth $12,125,718.18.

ChainCatcher news, Cork Protocol co-founder Phil Fogel posted on X platform stating that they are investigating a vulnerability, and all contracts have been paused. More information will be reported in a timely manner.ChainCatcher previously reported, Cyvers Alerts posted on X platform stating that the system detected that Cork Protocol was suspected of being attacked, with losses of approximately 12 million dollars.

ChainCatcher message, Cyvers Alerts posted on platform X stating that the system detected a suspected attack on the Cork Protocol, resulting in a loss of approximately 12 million USD.The attacker deployed a malicious contract on May 28, 2025, at 11:23:19 UTC, funded by the address 0x4771...762B (possibly a service provider).Just 16 minutes and 45 seconds later, the attacker launched the attack, successfully acquiring 3,761.87 wstETH, and quickly exchanged it for ETH. Currently, the funds have not been transferred to other addresses.