QuickSwap Lend Shuts Down Following Exploit

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 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.

 

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