Clippera decentralized exchange (DEX), recently faced a $450,000 hackwhat they have clarified was caused by a problem in your withdrawal system—It is not a private key leak.
The attack occurred on December 1. targeting two of the platform’s liquidity poolsoccupying around 6% of the total value locked. Clipper confirmed that the other groups were intact and that the exploit has since been stopped.
In a post on “.
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They also explained that the feature that allows withdrawals in a single token—a process that combines swap, deposit and withdrawal actions—has been disabledsince that is where the vulnerability seems to have been.
Before Clipper’s statement, Chaofan Shou, co-founder of Fuzzland, said the hack could have been due to an application programming interface (API) vulnerability. They aware in X:
It is likely that the API contains certain vulnerabilities and has signed incorrect deposit/withdrawal requests.
He suggested that the API may have allow attacker to approve deposit and withdrawal requestswhich allowed them to raise more funds than they contributed.
Clipper is digging deeper into the breach and promises to share updates as they resolve things.
While the Clipper attack was caused by a retreat vulnerability, other recent breaches tell a different story. In one case, the misuse of a private key leak led to the creation of counterfeit tokens. How did it happen? Read the full story.
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