Biggest crypto wallets hacked, with losses in the tens of millions🚨

In brief —

Events Under the Spotlight 🔎

  • Funds were drained from more than 20 cryptocurrencies.
  • The yield aggregator on the Fantom network had its multi-strategy vault hacked.
  • The blackhat hacker took advantage of a critical vulnerability in the smart contract and started draining the vault.
  • The smart contract flaw allowed the hacker to withdraw anybody’s assets to their account.
  • Exploiters unusually removed tokens, as each token was removed in nearly equivalent denominations.
  • For example, transactions with exactly 202,440.725413 USDC were executed over 200 times.
  • Below are the affected tokens in the bridge exploit.

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