📰 News Alert:
🔖 Title: 1inch hit by $5 million exploit in outdated smart contract
🗓️ Published: Fri, 07 Mar 2025 12:48:36 +0000
📄 Summary: 1. DeFi aggregator 1inch experienced an exploit in its resolver smart contract, leading to losses over $5 million, impacting the DeFi market's security and trust.
2. Attackers drained around 2.4 million USDC and 1,276 Wrapped Ethereum (WETH) from the vulnerable smart contract, highlighting the significant financial impact of the exploit.
3. The exploit occurred on March 7, emphasizing the ongoing need for robust security measures in DeFi platforms to prevent future vulnerabilities and financial losses.
🔗 https://cryptoslate.com/1inch-hit-by-5-million-exploit-in-outdated-smart-contract/
🗞️ Source: CryptoSlate
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