Blockchain
1inch suffers $5M hack due to smart contract vulnerability
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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On March 5, 1inch identified a vulnerability affecting resolvers — entities that fill orders — using the outdated Fusion v1 implementation, which was made public a day later.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: 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 (USDC) and 1276 Wrapped Ether…
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