xToken has been exploited for around $4.5 million following the latest attack targeting the DeFi protocol’s smart contracts.
The decentralized finance project xToken has suffered another exploit over the weekend after hackers discovered a vulnerability in the smart contracts for its xSNX product.On Aug. 29, the xToken team reported that the attack had resulted in roughly $4.5 million worth of funds being drained from xToken’s xSNX product — which allows users to gain exposure to Synthetix-based assets without directly interacting with the protocol’s complex smart contracts. Our xSNX contract was exploited. Our other contracts do not have similar vulnerabilities.Every day going forward from here will be focused on rebuilding trust with our community.We’re assessing the situation and will update with next steps in the coming hours— xToken (@xtokenmarket) August 29, 2021
The project published a post mortem a few hour
