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Trusted Volumes Exploit Drains $6.7M as 1inch Denies Protocol Impact

10h ago
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  • TrustedVolumes said three Ethereum addresses hold stolen funds worth about $6.7 million.
  • Blockaid said the exploit affected a TrustedVolumes resolver on Ethereum and extracted about $5.87 million at detection time.
  • 1inch said neither its protocol nor its infrastructure was involved or affected by the TrustedVolumes exploit.

TrustedVolumes, a liquidity provider used across DeFi markets, said it was recently exploited and identified three Ethereum addresses holding stolen funds. The company estimated the balances at about $3 million, $3 million, and $700,000, placing the total near $6.7 million.

The incident drew rapid clarification from 1inch after early reports linked the exploit to its ecosystem. However, 1inch said its protocols, systems, infrastructure, and user funds were not affected, while Blockaid described the case as a TrustedVolumes-controlled resolver ex…

Read The Full Article Trusted Volumes Exploit Drains $6.7M as 1inch Denies Protocol Impact On Coin Edition.

10h ago
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