DeFi Tx Bundler Furucombo Hacked for $14 MillionFebruary 27, 2021
Furucombo, a dApp focused on easily creating multi-step transactions for trading and DeFi without knowing how to code, just got compromised. At press time, a hacker managed to drain over $14 million of users’ funds.
Furucombo, a dApp focused on easily creating multi-step transactions for trading and DeFi without knowing how to code, just got compromised. At the moment of writing, a hacker managed to drain over $14 million of users’ funds.
The hacker compromised Furucombo’s proxy smart contract, which enabled them to withdraw ETH and ERC20 tokens.
The hacker then started sending funds to the mixer Tornado Cash to cover their tracks and withdraw funds.
Currently, the hacker’s address holds over 4,560 ETH, worth roughly $6.8 million, and more than $7 million in ERC20 tokens, including more than 5.5 million DAI. These holdings do not include funds that were sent to Tornado Cash for laundering.
Anyone who interacted with Furucombo proxy should revoke their approvals to withdraw funds from their wallet using Revoke. The addresses of Furucombo contracts to check:
Over the last year, there were numerous hacks and exploits of DeFi protocols. The space is nascent, but the Total Value Locked in DeFi smart-contracts continues to grow, exceeding $37 billion at the time of press. Furucombo’s hack is another reminder for DeFi users to seriously consider contract security and not use money in new protocols that they can’t afford to lose.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source: Read Full Article