1inch suffers $5M hack due to smart contract vulnerability

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Decentralized exchange aggregator 1inch lost $5 million in cryptocurrency when a hacker exploited a smart contract vulnerability, the platform confirmed.

On March 5, 1inch identified a vulnerability affecting resolvers — entities that fill orders — using the outdated Fusion v1 implementation, which was made public a day later.

Source: 1inch Network

Tracing the $5 million 1inch hack

On March 7, blockchain security firm SlowMist found through an onchain investigation that the 1inch hacker made away with 2.4 million USDC (USDC) and 1276 Wrapped Ether…



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1inch suffers $5M hack due to smart contract vulnerability


Decentralized exchange aggregator 1inch lost $5 million in cryptocurrency when a hacker exploited a smart contract vulnerability, the platform confirmed.

On March 5, 1inch identified a vulnerability affecting resolvers — entities that fill orders — using the outdated Fusion v1 implementation, which was made public a day later.

Source: 1inch Network

Tracing the $5 million 1inch hack

On March 7, blockchain security firm SlowMist found through an onchain investigation that the 1inch hacker made away with 2.4 million USDC (USDC) and 1276 Wrapped Ether…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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