Learn how the Raft Protocol was exploited, leading to a loss of assets worth 1577 ETH. — TL;DR On November 11, 2023, the Raft Protocol was exploited on the Ethereum Mainnet due to a smart contract vulnerability, which resulted in a loss of 1577 ETH, worth approximately $3,300,000. Introduction to Raft Raft enables the generation of R, a decentralized USD stablecoin, by opening a collateralized debt position or by depositing stablecoins…