>"ChainSwap has suffered its second exploit in eight days, leading to $8 million in losses across various DeFi tokens." "ChainSwap is a cross-chain bridge that acts as a hub for multiple chains. It supports Binance Smart Chain, Ethereum, Polygon, and Huobi Eco Chain. The project raised $3 million in a funding round featuring big industry players like Alameda Research, CMS Holdings, and Rarestone Capital in April. "

The attack is estimated to be worth around $8 million. One of the hacker’s wallets, which shows them executing multiple swaps on the 1inch Exchange, can be viewed on Etherscan.

A hacker found a vulnerability in the decentralized exchange’s smart contract code last night. It gave them a way to access the protocol and sell tokens available on ChainSwap via other exchanges.