1inch suffers $5M hack due to smart contract vulnerability

1inch confirmed that some resolvers using outdated Fusion v1 contracts lost funds in the $5 million exploit, assuring that end-user assets remained safe.

Decentralized exchange aggregator 1inch lost $5 million in cryptocurrency when a hacker exploited a smart contract vulnerability, the platform confirmed.

On March 5, 1inch identified a vulnerability affecting resolvers — entities that fill orders — using the outdated Fusion v1 implementation, which was made public a day later.

Source: 1inch Network

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