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On March 5, 1inch identified a vulnerability affecting resolvers — entities that fill orders — using the outdated Fusion v1 implementation, which was made public a day later.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: data-ct-non-breakable=”null” href=”https://x.com/1inch/status/1897695349818487002″ rel=”null” target=”null” text=”null” title=”https://x.com/1inch/status/1897695349818487002″>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 ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/usdc-price-index” rel=”null” target=”null” text=”null” title=”null”>USDC) and 1276 data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/what-is-wrapped-ethereum-weth-and-how-does-it-work” rel=”null” target=”null” text=”null” title=”null”>Wrapped Ether…
