A Cardano-based decentralized exchange, Minswap, has revealed that it has completed a maintenance mode which has helped the protocol fix a major vulnerability that could have led to a huge amount of loss for the team.
According to a blog post published by the team, they were first alerted to the vulnerability on March 22 after they had allowed developers to audit their smart contract. This led to the identification of a “critical vulnerability that would allow someone to drain all the Liquidity in the Smart Contract.”
The Discovered Vulnerability
Minswap revealed that the vulnerability would have allowed a bad actor to “ mint duplicated pool NFT tokens and use those NFT tokens to mint infinite LP tokens of any pool.”
The team, however, prevented this unsavory situation from happening as it used the exploit itself to drain the liquidity into new liquidity pools that have been created on a new smart contract.
Minswap team was able to calm frayed nerves who questioned how the team
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