MonoSwap Hacked in Phishing Attack; $100 Million Liquidated in Crypto Market – Crypto News – Crypto News
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MonoSwap Hacked in Phishing Attack; $100 Million Liquidated in Crypto Market MonoSwap Hacked in Phishing Attack; $100 Million Liquidated in Crypto Market

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MonoSwap Hacked in Phishing Attack; $100 Million Liquidated in Crypto Market – Crypto News

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7 months ago

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MonoSwap, a staking platform on the Blast protocol, has been hacked following a phishing attack from a fake VC fund on one of its developers

MonoSwap, a staking platform on the Blast protocol, has been hacked following a phishing attack from a fake VC fund on one of its developers.

The attacker installed a phishing app, leading to the withdrawal of most staked liquidity positions. The stolen funds were bridged to Ethereum and laundered via TornadoCash, with 371 ETH (worth approximately $1.3 million) already laundered.

Users have been advised not to add liquidity or stake in the farming pools and to withdraw any staked positions immediately.

Additionally, a significant liquidation event occurred in the cryptocurrency market, with over $100 million liquidated in the past hour, including an address liquidated for $4.63 million amidst an ETH dump.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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