The protocol team at #SWEAT thwarted an exploit worth millions $
A hacker attack on the SWEAT protocol – the perpetrator exploited a vulnerability in the token's smart contract on the Near network (#NEAR) and made off with approximately 13,700,000,000 SWEAT ($3.5m), which is 65% of the total supply.
The SWEAT team paused the contract's operations and reached out to exchanges #MEXC and #RheaFinance, where the hacker attempted to cash out the stolen funds. MEXC froze the hacker's account, while Rhea halted SWEAT trading.
Outcome: all user funds were fully restored, and operations have returned to normal. The team plans to file a report with law enforcement and conduct a detailed analysis of the incident.
#Crypto #SWEAT #Near #security
👀 Follow me, I'm showing where the real risks are and where it's just noise.
A hacker attack on the SWEAT protocol – the perpetrator exploited a vulnerability in the token's smart contract on the Near network (#NEAR) and made off with approximately 13,700,000,000 SWEAT ($3.5m), which is 65% of the total supply.
The SWEAT team paused the contract's operations and reached out to exchanges #MEXC and #RheaFinance, where the hacker attempted to cash out the stolen funds. MEXC froze the hacker's account, while Rhea halted SWEAT trading.
Outcome: all user funds were fully restored, and operations have returned to normal. The team plans to file a report with law enforcement and conduct a detailed analysis of the incident.
#Crypto #SWEAT #Near #security
👀 Follow me, I'm showing where the real risks are and where it's just noise.