- An attacker exposed CoW Swap, creating room for over $180,000 loss.
- Funds were drained from the platform in DAI, ETH, and BNB.
- CoW Swap says users’ funds are unaffected as only the past week’s fees are stored on the platform.
PeckShield, the blockchain security data and analytics company, has identified a breach on the CoW Swap DEX which led to a $180,000 exploitation by an attacker.
According to PeckShield, the heist on CoW Swap started about ten days before the time of the report. At the time, an attacker appeared to trick CoW Swap’s GPv2Settlement contract into approving SwapGuard for DAI spending. Having achieved this, the attacker followed up by triggering SwapGuard to transfer DAI from GPv2Settlement.
It seems (1) @CoWSwap's GPv2Settlement contract has been tricked 10 days ago to approve SwapGuard for DAI spending and (2) SwapGuard was just triggered to transfer out DAI from GPv2Settlement. Here are the two related txs: https://t.co/Tb8Sk5xqMR and https://t.co/JS7ejDhiAs https://t.co/Wpbeq4UoEP pic.twitter.com/oRWIzeOLzz— PeckShield Inc. (@peckshield) February 7, 2023
PeckShield revealed that the attacker transferred funds out of CoW Swap…
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