---
title: "Pike Finance clarifies ‘USDC vulnerability’ statement on $1.6M exploit"
url: https://diffcoin.com/pike-finance-clarifies-usdc-vulnerability-statement-on-1-6m-exploit/
description: "Pike highlighted that the exploit occurred due to their team’s inadequate integration of third-party technologies such as the CCTP or Gelato Network’s…"
published: 2024-05-02
updated: 2024-05-02
author: "Mila"
site: "Diffcoin"
---

# Pike Finance clarifies ‘USDC vulnerability’ statement on $1.6M exploit

Pike highlighted that the exploit occurred due to their team’s inadequate integration of third-party technologies such as the CCTP or Gelato Network’s automation services.

[Source link](https://cointelegraph.com/news/pike-defi-usdc-exploit-clarity)