Decentralized cryptocurrency exchange Cow Swap has just announced that $166,000 in crypto have been unauthorizedly withdrawn from the platform as a result of an exploit.
According to the developers of the project, the target of the attack was a settlement contract. These have assured that users' funds are safe.
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PeckShield has reported that the stolen amount amounts up to $180,000: $123,000 in DAI, $50,000 in BNB and $7,400 in ETH, which have been divided between two wallets.
An attacker modified ten days ago the GPvå2Settlement smart contract to obtain SwapGuard's permission to spend DAI.
It is worth noting that the developers have revoked all permissions on the exploited contract, which has prevented further malicious activity.