The “AI-optimized” defi project Mozaic Fi was exploited by an attacker who drained around $2 million in funds from the project.According to MozaicFi, the theft had been perpetrated by a rogue developer who was able to gain access to a private key held by a core team member. They also claimed that a simultaneous large sale of the Mozaic token resulted in cascading liquidations.In good news for the project, the attacker moved around 90% of the stolen funds to MEXC, a centralized cryptocurrency exchange that was able to freeze the thief’s access to the funds.

Total loss estimated at $200,000.