Ink Finance Treasury Proxy Exploited for $140K on Polygon

Ink Finance, a provider of infrastructure for onchain organizations, has suffered a security incident involving its Workspace Treasury Proxy on Polygon.

According to Blockaid, the security firm that confirmed the exploit, the loss is estimated at around $140,000. The technical details of the attack are still unknown, and no recovery plan or bounty negotiation has been announced yet.

The affected component is a treasury proxy contract, which can sit close to a project's operational funds and managed assets. This highlights the importance of secure deployment and management of such contracts in DeFi applications.