According to Lookonchain, Cork Protocol suffered a significant security breach resulting in the theft of 3,762 wstETH, valued at approximately $12 million. The attacker promptly exchanged the stolen wstETH for 4,530 ETH of equal value, as verified by on-chain data from Etherscan. This exploit highlights the persistent risks in DeFi protocols and may trigger increased volatility and caution among traders interacting with wstETH, ETH, and DeFi-related tokens. Such incidents often lead to sharp price reactions and can affect liquidity in related markets (source: Lookonchain, Etherscan).