Shocking- Alameda-Backed ChainSwap Just Got Hacked

A hacker discovered a critical vulnerability within ChainSwap’s smart contracts and took out approximately $8 million from the cross-chain decentralized financial platform ChainSwap.

The project has urged its users not to purchase its native token while it was investigating the incident.

It claims that individual wallet funds are secure, but send- and withdrawal functions are still not available.

These Are All Affected Tokens

Oro $ORO
Vortex $VTX
Blank $BLANK
Unifarm $UFARM

Wilder Worlds $WILD
Antimatter $MATTER
Optionroom $ROOM
Umbrella Blank $UMB
Nord $NORD
Razor $RAZOR
Peri $PERI
Unido $VTX

  • UniFarm (UFARM), Optionroom, (ROOM), OroPocket(ORO) and other projects have temporarily pulled all liquidity from Uniswap.
  • Umbrella Network’s (UMB) announced that it would buy back $230,000 worth Native Tokens. It’s up the community to decide how to spend them.
  • The project claims that it will no more rely upon ChainSwap token bridging.
  • The hack caused volatility in the price action. According to CoinGecko data Wilder World (WILD), one among the affected tokens, fell 99.8 percentage before recovering.

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

Comments are closed.