How an Ethical Hacker Intercepted $2.6M in the Morpho Labs Exploit

In a remarkable turn of events, an ethical hacker known as c0ffeebabe.eth managed to intercept around $2.6 million in cryptocurrency that had been stolen from the Morpho Labs decentralized finance (DeFi) protocol. This incident unfolded shortly after a frontend update was rolled out on April 10, which inadvertently introduced a vulnerability. The story of how this ethical hacker navigated through the chaos highlights the critical role of white hat hackers in the ever-evolving world of DeFi security.