Who Insures the Insurer? Cover Protocol Attack Exposes DeFi’s Promise and Peril

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Defi insurer Cover Protocol, designed to reduce smart contract failure risks, was exploited by a bug in its smart contract on Monday morning.

via CoinDesk https://www.coindesk.com/who-insures-the-insurer-cover-protocol-attack-exposes-defis-promise-and-peril