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DeFi App Steadefi Exploited for $334,000, All Funds at Risk

Steadefi, a decentralized finance (DeFi) app, has suffered an ongoing attack resulting in a loss of at least $334,000. The app's development team has warned that all funds are currently at risk. The attack has caused a significant drop in the app's total value locked (TVL), according to DeFiLama data. The Steadefi team has attempted to negotiate with the attacker by sending an on-chain message to a specific Ethereum address. Further updates on the situation are expected.

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