Decentralized exchange Dodo was hacked for $3.8 million in the last 24 hours, but expects about half of those funds to be returned, according to a statement.
Dodo is a decentralized exchange (DEX) for swapping cryptocurrency tokens, a part of the decentralized finance (DeFi) ecosystem. It runs on two blockchain platforms: Ethereum and Binance Smart Chain. The exchange works by having market markers contribute to pools of funds, enabling traders to buy and sell tokens from the pools.
PSA Regarding Recent Exploit on DODO
On March 8, Several DODO V2 Crowdpools were attacked. WSZO, WCRES, ETHA, and FUSI pools were impacted, while AC pool funds have been fully recovered.
Funds in all other pools, including all V1 pools and all non-Crowdpool V2 pools, are safe.
— DODO DEX (@BreederDodo) March 9, 2021
Four pools of funds were affected in the exploit, specifically the WSZO, WCRES, ETHA, and FUSI pools. The exchange claims that other pools were unaffected.
The growing problem of DeFi ha
Źródło: https://decrypt.co/60712/defi-protocol-dodo-hacked-for-3-8-million
