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The decentralized Equalizer exchange suffered from an exploit

Bits.media / 14.05.2024 / 15:48
The decentralized Equalizer exchange suffered from an exploit
The decentralized Equalizer exchange was hacked through an exploit — a hacker began to siphon user funds. Equalizer management has asked customers to temporarily stop interacting with the trading platform.

First, the hacker appropriated 2,500 SpookySwap (spLP) liquidity tokens, and then stole from users about 2,353 EQUAL tokens, 510,579 FantomStarter (FS), 2,500 spLP, 6 million AnyInu (AI), 985,565 ChillPill (CHILL), 50,000 WigoSwap (WIGO) and 25 multiDEUS (DEUS). The hacker's wallet address appeared more than 222 days ago, and stolen user funds continue to flow to it. During the day, the EQUAL exchange rate fell by almost 11% to $8.89.

Then the unknown person went even further — created a fake Equalizer account on the social network X and tweeted: The affected clients of the exchange can refund the stolen funds. Equalizer security specialists continue to investigate the exploit and urge not to believe the hacker.

"If you are asked to approve something when connecting to a decentralized application, if the application offers to interact with a contract that you have never worked with before, if you are asked to approve an unknown contract, stop using the service until we solve the problem and update the main website," - the Equalizer command has warned.

At the beginning of the year, due to an exploit, hackers were able to steal about $6.5 million worth of crypto assets from the Abracadabra Finance protocol. In the same January, attackers discovered a vulnerability and stole $600,000 worth of cryptocurrencies.

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