A group of cyber criminals took advantage of a security flaw in the Uniswap decentralized exchange platform, managing to swipe a staggering $25.2 million worth of digital currencies.
The attack was allegedly focused on the liquidity pool (LP) of the protocol. A smart contract developer going by the name Punk3155 took to Twitter to warn the community of the breach, which was also confirmed by the security firm PeckShield.
Following a thorough investigation, experts were able to trace the pilfered funds to eight specific addresses on the KuCoin exchange.
Further details were provided by the Lookonchain portal, which disclosed that the targeted assets included USDC, DAI, USDT, WBTC and WETH.
In another report by PeckShield, it was revealed that hackers made away with $211.5 million worth of cryptocurrencies and $10.9 million worth of NFTs in March alone.