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Defi Hack Alert: NowSwap losses over $1 Million in cyber attack

source-logo  coingape.com 15 September 2021 11:27, UTC

According to news from the Analytic group, PeckShield, the DEX protocol, NowSwap was hacked and lost more than 1 million USD in funds. The attackers stole 535,000 USDT and 158 WETH. USDTs are converted to ETH through the distributed network service, 1inch, and further transferred to the Ethernet Square anonymous trading platform, Tornado Cash. Furthermore, the hackers used an invalid ‘K’ value check in the pair contract of NowSwap to attack the protocol.

coingape.com