MonoX, a decentralized finance project providing single token pools, has become the latest hack victim, in which early estimations show that the perpetrators managed to take more than $30 million in various cryptocurrencies.
- The protocol took it to Twitter to confirm the breach, explaining that a “method in the swap contract was exploited and boosted MONO token price to sky-high.”
- The attackers used the coin to purchase several other digital assets. According to some estimations, the total amount stolen is around $31 million. Those include $18 million in wrapper ether (WETH) and more than $10 million in Polygon (MATIC).
- Some of the other duped assets include WBTC, GHST, DUCK, IMX, MIM, and LINK.
- So far, MonoX has failed to provide any more specifics on the security breach, aside from wishing to speak directly to the hacker in order to resolve the issue.
- This latest incident adds to the growing list of exploited DeFi protocols. CryptoPotato has reported numerous such occasions, with some of the latest being a $12 million attack against pNetwork and $3 million stolen from SushiSwap’s token platform.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to $1750.
Credit: Source link