DeFi
LiFi Protocol and Jumper Exchange Exploited, $10M Lost in DeFi Attack
LiFi protocol, a decentralized finance (DeFi) platform, was exploited, resulting in a loss of approximately $10 million.
LiFi protocol, a decentralized finance (DeFi) platform, was exploited, resulting in a loss of approximately $10 million.
The exploit appears to be related to router trust settings, specifically targeting users who had manually set infinite trusts. Several security alert systems, including CertiK and Cyvers Alerts, have reported suspicious transactions involving the LiFi protocol.
Users are strongly advised to revoke all approvals for specific contracts, including 0x1231deb6f5749ef6ce6943a275a1d3e7486f4eae, 0x341e94069f53234fE6DabeF707aD424830525715, and 0xDE1E598b81620773454588B85D6b5D4eEC32573e, to avoid further losses.
The majority of the stolen funds are stablecoins. Jumper Exchange, a cross-chain bridge aggregator associated with LiFi, was also affected and urged users to revoke all permissions. Investigations are ongoing to confirm the exact nature and scope of the exploit.
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