BitBay Loses About $14,000 in Vault Withdrawal Exploit

BitBay lost approximately $14,000 after an attacker exploited a vulnerability in the decentralized finance platform’s vault withdrawal function.

The flaw failed to limit payouts when the vault reached zero liquidity. The attacker manipulated the vault’s liquidity state, triggering withdrawals that drained funds from the system.

The incident highlights the security risks facing decentralized finance platforms, where weaknesses in automated vault functions can lead to direct losses.