Attackers hacked the Hashflow protocol for $600,000


PeckShield analysts have reported a hack in the Hashflow decentralized trading platform for an estimated $600,000.

According to experts, the vulnerability is related to approvals of operations in the protocol’s cross-chain bridge. The Hashflow service offers cross-network exchange of various digital assets.

According to Etherscan, the address of the protocol deployer was attacked. The exploit itself affected contracts on the Ethereum, Arbitrum, BNB Chain, Polygon, and Avalanche networks.

The hacker is probably a white hat hacker. The contract, on which the stolen assets are located, provides for the function of a full refund to the owners and the ability to leave a “tip” of 10%.

Hashflow representatives said they are monitoring the situation. All affected users were promised compensation.

“Hashflow has not been affected in any way and remains fully operational. Once the investigation is complete, we will share the details,” the company said.

In July 2022, the project closed a $25 million funding round, after which the Hashflow valuation reached $400 million.

Recall that the losses of users from hacking the non-custodial wallet Atomic Wallet exceeded $100 million.

Found a mistake in the text? Select it and press CTRL+ENTER

ForkLog Newsletters: Keep your finger on the pulse of the bitcoin industry!


Leave a Reply