MonoX Team Confirms Exploit, USD 30M+ Might Be Stolen
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cryptonews.comAround USD 31m seems to have been stolen from decentralized finance (DeFi) platform MonoX.
In what has become just one in a string of DeFi hacks, a variety of coins from the platform have been stolen, including USD 10.5m in polygon (MATIC), USD 18.2m in wrapped ethereum (WETH), USD 2m in wrapped bitcoin (WBTC), and USD 31,000 in chainlink (LINK), per data from Etherscan and Polygonscan. At the time of writing, there is no confirmation from the MonoX team on the exact amount stolen.
“A method in the swap contract was exploited and boosted MONO token price to sky-high. The attacker then used MONO token to purchase all the other assets in the pool,” said the team behind the project.
MonoX further stated that the team is investigating the issue
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