QuickSwap, a decentralized crypto exchange and automated market maker (AMM), has shut down QuickSwap Lend following an exploit.
According to a Tweet by the platform, approximately $220,000 was pilfered in a “flash loan” due to a vulnerability.
⚠️QuickSwap Lend is closing⚠️
🔗$220k was exploited in a flash loans attack due to a vulnerability with the Curve Oracle, which @marketxyz was using
☣ Only the Market XYZ lending market was compromised. QuickSwap's contracts are unaffected
🪡🧵👇1/3 pic.twitter.com/oWNz7BAujT
— QuickSwap 🐲 DragonFi 2.0 (@QuickswapDEX) October 24, 2022
QuickSwap said only Market XYX lending was compromised.
QuickSwap is urging users of Market XYZ to withdraw funds now while encouraging Market XYZ to provide compensation.
QuickSwap has pointed to a post-mortem write-up on ChainSecurity.com.