DEX

Decentralized exchange dYdX v3 compromised by a DNS attack

July 23, 2024 1 min read

dYdX, a decentralized exchange, experienced a substantial security compromise related to its v3 protocol. A hacker infiltrated the authorized website of dYdX v3 by implanting token-draining software, which has the potential to divert customers’ cash. The hijacked website exhibited error messages resembling prior phishing scams, with the intention of deceiving customers into divulging their wallet information. The exchange posted a cautionary message on social media, recommending users refrain from accessing

KyberSwap Hit by $50M Cyberattack, Sending Shockwaves Through Multiple Platforms

November 24, 2023 1 min read

A cyber attacker successfully executed a $50 million heist on the decentralized exchange KyberSwap, urging users to withdraw their assets as soon as possible. The attacker primarily targeted Ethereum and USDC funds, carrying out multiple attacks across multiple KyberSwap platforms. The hacker specifically stole $20 million from Arbitrum, $15 million from Optimism, and $7 million from Ethereum. The exploit exposed flaws in the exchange’s coding, affecting liquidity provider pools in

AshSwap the first stable-swap DEX Launches on MultiversX Mainnet

February 13, 2023 4 mins read

Ho Chi Minh City, Vietnam, 11th February, 2023 AshSwap, the first stable-swap DEX on the MultiversX blockchain (previously Elrond Network), is officially launching on the MultiversX mainnet on February 17. The DEX will seamlessly bridge critical DeFi functions and provide tighter spreads with a fraction of the liquidity on MultiversX. In November 2021, AshSwap successfully raised $2.5 million in a private sale led by Elrond. The initial offering of ASH tokens on

Rubic, a decentralized exchange, loses $1,000,000 due to a private key exploit

November 3, 2022 2 mins read

Rubic, a decentralized exchange (DEX), has lost over a million tokens as a result of hackers getting hold of an administrator’s wallet’s private keys. The project’s developers disclosed that one of their admins’ wallet addresses, which controlled the RBC/BRBC bridge and staking rewards, had been compromised during the early morning hours of Asia. “We believe malicious software was utilized to gain access to the private keys for the admin wallet,”