when

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/hackers-breach-monoswap-platform" data-wpel-link="internal">Hackers Breach Monoswap Platform</a><br></p>
<p style="text-align: justify">In a concerning development, the decentralized finance (DeFi) space took another hit as Monoswap fell victim to a hacking incident. This breach occurred less than a day after the attack on DYDX, putting <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">investors</a> on high alert. Users of the platform have been urged to withdraw their funds immediately, refrain from staking, and avoid injecting new capital until the issue is resolved.</p> 
<h2 id="how-did-the-monoswap-hack-occur">How Did the Monoswap Hack Occur?</h2> 
<p style="text-align: justify">The attack was initiated when one of Monoswap’s developers inadvertently installed a phishing application. This led to the theft of a notable amount of liquidity from the platform. The incident has raised suspicions about the potential involvement of the notorious Lazarus group. The Monoswap team has advised users to take immediate action to secure their funds.</p> 
<h2 id="what-steps-should-users-take">What Steps Should Users Take?</h2> 
<p style="text-align: justify">Monoswap has launched an investigation into the breach. The attackers managed to gain control of a team member’s computer by posing as investors and then installed a botnet. This botnet accessed wallets and contracts integral to Monoswap, resulting in the withdrawal of most staked liquidity. Users have been explicitly instructed to withdraw their staking positions immediately to avoid further losses.</p> 
<h2 id="key-user-actions">Key User Actions</h2> 
<ul> 
 <li>Withdraw all funds from Monoswap promptly.</li> 
 <li>Cease any staking activities on the platform.</li> 
 <li>Refrain from adding new liquidity until further notice.</li> 
 <li>Stay updated with Monoswap’s <a href="https://newslinker.co" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">announcements</a> for the latest information.</li> 
</ul> 
<p style="text-align: justify">The Monoswap team has expressed regret over the incident and assured users that they are working diligently to investigate the breach and determine the next steps. Further details and future plans will be communicated as soon as possible. Investors are advised to remain cautious and vigilant during this period.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/hackers-breach-monoswap-platform" data-wpel-link="internal">Hackers Breach Monoswap Platform</a></h5>

Hackers Breach Monoswap Platform

Table of Contents

BH NEWS

Άλλα άρθρα που δημοσιεύτηκαν στις 24 Ιουλ 2024

Solana Flips Ethereum: Surpasses ETH in 30-Day DEX Trading Volume

WadzPay (WTK) Volume Shoots by 148% in a Single Day Signalling Bullish Expectation for Tier-1 Lis...

Grayscale Transfer US$1 Milyar ETH, Siap Tawarkan ETF Ethereum

Kraken finishes Mt. Gox Bitcoin distribution, but creditors aren’t selling BTC

Delist Announcement from Bitcoin Exchange Binance! Three Altcoin Trading Pairs Delisted from Spot...

Bitcoin ETFs Outflow $78M, Ethereum ETFs Inflow $107M on July 23

Join our free newsletter for daily crypto updates!