Home Business CoW Swap hacker milks over 550 BNB using ‘solver’ exploit By Cointelegraph

CoW Swap hacker milks over 550 BNB using ‘solver’ exploit By Cointelegraph

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CoW Swap hacker milks over 550 BNB using ‘solver’ exploit By Cointelegraph

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Decentralized exchange (DEX) protocol CoW Swap recently suffered an attack, losing at least 550 BNB (BNB) in a contract exploit that approved fund transfers from the protocol.

Blockchain surveyor MevRefund flagged the event and detected that the funds seemed to be moving away from CoW Swap. The maximal extractable value (MEV) searcher warned the DEX and its users of the exploit in a Twitter thread.

Flowchart showing movement of stolen funds from CoW Swap. Source: PeckShield