The Ethereum contracts associated with the popular decentralized exchange, Dolomite, recently fell victim to a concerning approval attack, resulting in a significant loss estimated at around $1.9 million. The old contracts of @Dolomite_io on Ethereum suffered an approval attack, resulting in a loss of ~$1.9M. The hacker exploited the batchTransfer function of the TradeDelegate contract to transfer tokens approved to the contract from users. The batchTransfer function can only be… https://t.co/kXZsIXPtkI pic.twitter.com/SwnwwEvszA — Beosin Alert (@BeosinAlert) March 21, 2024 The attack targeted the batchTransfer function within the TradeDelegate contract, exploiting tokens approved to the contract from unsuspecting users. This function,
The post Security Breach At Dolomite: Users Urged To Take Precautionary Measures appeared first on The Merkle News.