Days since the last DeFi hack: 0
Decentralized Funding Protocol MonoX Finance lost $ 31 million as a result of a hack that happened earlier today.
It was the third project to appear on Primelist, the token listing platform of major cryptocurrency exchange Huobi, earlier this month.
The team previously addressed the incident in a statement on Twitter, claiming that a vulnerability in the swap contract was used by the attacker to artificially inflate the price of the MONO token and then purchase all of the digital assets in the pool.
In a lengthy Twitter thread, MonoX also made a desperate plea to the hacker in an attempt to reach out to him/her:
We also really wish we had a chance to speak with the “hacker”. We really appreciate what we have built for the current and future MonoX, and especially our users and their funds; PLEASE contact us.
The attacker pocketed $18.2 million worth of wrapped Ether (WETH) and $10.5 million worth of Polygon (MATIC).
In early August, $ 610 million worth of crypto was stolen from the multi-channel Poly Network DeFi project, which marked the biggest DeFi heist to date. After several weeks of drama that made the headlines, the hacker ended up returning the full amount, which sparked much speculation about his true intentions.
