[Warning]Monoswap was hacked. Withdraw Your Funds Right Now!!!

[bee]

I don't know if this DEX is familiar to you, they are a relatively young platform that uses the newcomer EVM network, Blast Network which exploded where the ecosystem on this chain launched massive testnet airdrops.
Sadly, they have experienced a hacking attack^[1] and the actual total loss is still unknown. A tweet estimated transactions from Blast Network reached $1.3 million based on the amount of funds bridged to ETH^[2] and deposited to TornadoCash. Users are urged to stop all activities on the exchange and withdraw all funds.

According to the platform, on July 23, one of its developers accidentally installed a malicious phishing application and was lured into a call with scammers pretending to be venture capitalists.

At some point during the call, scammers installed malicious software onto the developer’s computer, which reportedly had access to all the platform’s wallets and contracts. This allowed the hackers to withdraw most of the staked liquidity on the platform.

1. https://cointelegraph.com/news/breaking-monoswap-hacked-warning-issued-stay-away
2. https://x.com/i/status/1816139653986066739

[Zed0X]

A new decentralized exchange suddenly hacked due to a developer's newbie mistake? I don't know if anyone would actually buy that excuse. I'll give it a few more weeks before the devs stopped giving updates to their gullible followers and completely disappear.

[Husires]

They are claim to be decentralized finance but a developer mistake can lead to the platform being hacked, they are highly centralized and trusting these centralized services with a weak cyber team is a problem.