๐Ÿšจ Filament DEX Hacked: $572K Stolen, Team Offers White Hat Bounty ๐Ÿšจ

$SEI

๐Ÿšจ Filament DEX Targeted in Security Breach ๐Ÿšจ

On April 6, between 8:00 and 12:00 UTC+8, the Filament decentralized exchange (DEX) within the Sei Ecosystem was attacked. The hackers exploited vulnerabilities in the platform's price manipulation and self-liquidation features, leading to a loss of around $572,000 out of $680,000 in user deposits.

๐Ÿ”’ Whatโ€™s being done:

Filament has suspended trading and withdrawals to prevent any more losses.

The team is working closely with law enforcement and blockchain experts to track down those responsible.

In a bid for a peaceful resolution, Filament has offered a 10% white hat bounty to the attackers if they come forward and resolve the situation.

The stolen funds were funneled through the Symbiosis cross-chain bridge and later moved to the FixedFloat exchange.

As the investigation continues, weโ€™ll keep you updated on any developments.

#CryptoSecurity #DEX #FIT21 #blockchain #CryptoNews