Decentralized Exchange MM.Finance Suffers $2M Exploit

2 years ago

Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.

The largest decentralized speech connected Cronos, MM.Finance, has suffered a front-end exploit that allowed hackers to siphon retired much than $2 cardinal successful CRO tokens from users.

  • The onslaught occurred owed to a DNS vulnerability, with the perpetrator proceeding to insert a malicious declaration code that would divert funds to their ain backstage wallet.

  • The stolen funds were sent to Tornado Cash, a privateness protocol connected Ethereum, earlier moving to OKX, according to a series of tweets from MM.Finance.

  • MM.Finance has fixed the attacker 48-hours to instrumentality 90% of the stolen funds, stating that it volition interaction the FBI if the deadline isn't met.

  • "We person collated the addresses that person mislaid funds during the onslaught earlier via the information onchain. Over $2,000,000 volition beryllium compensated and reimbursed," the institution wrote successful a tweet connected Thursday morning.

  • According to day from DeFi Llama, liquidity remains successful a beardown presumption with $804 cardinal successful full worth locked (TVL).

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Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.

Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.


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