More than 7,500 ether ($8 million) was hacked from Uniswap on Monday, according to a report from The Block.
PeckShield, a smart contract security firm, reported to The Block that the hacker was able to steal the cryptocurrency from Uniswap through a phishing tactic.
It elaborated that the hacker targeted the liquidity provider using a fake Uniswap airdrop token as a phishing bait prior to the hacking incident. Following this, the victim claimed the token and interacted with the malicious smart contract that indirectly gave the hacker total control over their wallet.
According to The Block, the wallet was providing $8 million to a WBTC/USDC liquidity pool on Uniswap version 3 during the attack.
After the attack, the hacker exited the user’s liquidity position, swapped the assets and transferred them out. The Block added that the hacker routed the funds through Tornado Cash - a transaction mixer on the Ethereum network.
The hacking incident has come three weeks after Uniswap hired the...
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