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Huma Finance legacy V1 contract on Polygon exploited for $101,400 USDC – TON BOT

Huma Finance legacy V1 contract on Polygon exploited for $101,400 USDC

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Huma Finance’s legacy V1 contracts on Polygon were exploited, resulting in approximately $101,400 in USDC being drained from old liquidity pools. However, the current PayFi platform on Solana and PST token were not affected. The exploit was due to a logic flaw in the V1 contracts, prompting Huma to pause all remaining V1 contracts and emphasize the security of its new architecture on Solana. The incident highlights the importance of migrating to redesigned architectures in DeFi to prevent similar exploits in the future.

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