Overview
- Stabble asked liquidity providers to pull funds as a precaution after on-chain investigator ZachXBT linked a former CTO to a suspected North Korea-affiliated hacker identity.
- The protocol’s total value locked fell about 62% from roughly $1.75 million to under $663,000, based on DeFiLlama data that tracks the value of assets left in a project.
- The team said there was no exploit and explained it was acting on a message it received, describing the alerts as a step to protect user deposits.
- Leaders said a new group took over the project about four weeks ago and plans fresh code audits and security checks before asking users to provide liquidity again.
- The warning landed as Solana DeFi faces heightened scrutiny following a reported $285 million exploit of Drift linked to North Korea-related actors, with new security efforts announced for larger protocols.