banner

Advertisement

Furucumbo Commits to Compensating Hack Victims

An anonymous hacker has exploited transaction batching  protocol Furucombo and walked away with $15M in stolen crypto over the weekend. The team is pledging to compensate victims. The attacker used a contract which tricked Furuсombo into thinking that their contract was a new version of Aave, and was able to transfer funds of every user …

An anonymous hacker has exploited transaction batching  protocol Furucombo and walked away with $15M in stolen crypto over the weekend. The team is pledging to compensate victims.

The attacker used a contract which tricked Furuсombo into thinking that their contract was a new version of Aave, and was able to transfer funds of every user who had given the protocol token permissions. 

The Furucombo team said in a post Monday  that they are “committed to compensating all users who were affected,” and that they’ve patched the security vulnerability that allowed this hack to occur. They still urge users to remove any token approvals towards their contract for the time being.

✊ Head to THEDEFIANT.IO for the best in DeFi news ?

Get Smarter on DeFi and Web3

Get the 5-minute newsletter keeping 75K+ crypto innovators in the loop.