10/4 Post Mortem
Today, there was an unexpected compromise to StakeSteak security which resulted in the loss of 80,636 FTM + 81,351 USDC, resulting from a private key which was scraped from one of our repositories on Github that had been there for over 5 months. This was an inexcusable error, and you can find further details of the exploit at the end of this article.
We don’t even know how to start writing this since we’re still shaken to our cores, but would like to assure our users we’re working hard on creating a better future for everyone. We will take full responsibility for this exploit and use it to create stronger architecture and processes and turn Steak into a better protocol.