CoW Swap hacker milks over 550 BNB using solver exploit - Check out the story here
Security firm PeckShield reported that the hacker successfully drained roughly 551 BNB off CoW Swap into Tornado Cash, which was worth around $181,600 at the time of writing.
Decentralized exchange (DEX) protocol CoW Swap recently suffered an attack, losing at least 550 BNB
Blockchain surveyor MevRefund flagged the event and detected that the funds seemed to be moving away from CoW Swap.
The maximal extractable value (MEV) searcher warned the DEX and its users of the exploit in a Twitter thread.
According to the smart contract auditing firm BlockSec, a wallet address was added as a “solver” of CoW Swap by a multisig
Blockchain security firm PeckShield estimated that around 551 BNB was lost, worth $181,600 at the time of writing.
During the attack, some community members panicked and urged users to revoke approvals from the DEX.
According to CoW Swap, the exploited settlement contract only has access to the fees that the protocol collected in a week.
Hope you people found the story informative. For more such interesting stuff, click on the link given below