According to Cyversalers cybersecurity analysts, the malicious contract was deployed on May 28. The hacker attack lasted 16 minutes and 45 seconds. To steal crypto acts, the attacker used a vulnerability in calculating exchange rates Cork Protocol.
He created fake tokens and used them so that an automatic function to return, which returned the settings of the exchange system to the default values. This allowed the hacker to remove Cork Protocol 3762 Wsteth from the liquidity pool, which were then exchanged for 4530 ETH.
The founder of Cork Protocol, Phil Fogel, confirmed the incident and announced the temporary suspension of operations on the platform in connection with the investigation. At the time of publication, assets stolen from Cork Protocol, which are estimated at about $ 12.1 million, are in the hacker wallet and were not distributed to other addresses.
Previously, a decentralized exchange was subjected to a hacker attack for trading unlimited futures by Kiloex. The platform has lost crypto assets in the amount of about $ 7 million and temporarily suspended its work.
Source: Bits
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