BitKeep's token swap service was attacked on Monday by an unknown hacker.
The multi-chain crypto wallet was robbed of $1 million in crypto tokens. The users who were robbed had approved their tokens on BitKeep's swap service - called a swap router - on the BNB Chain and Polygon.
Reports said that the stolen funds were later scattered through Tornado Cash's crypto mixer to avoid being traced.
The team tweeted, "BitKeep Swap was hacked, and our development team has managed to contain the emergency and stopped the hacker. The attack was directed to the BNB Chain, causing a loss of about $1 million."
The hacker was able to seize users' funds by exploiting a previously contained logic error that allowed them to make a malicious call.
The exploit was exposed to the hacker as BitKeep's swap contract lacked input validation, which further allowed the hacker to spoof input values. It reveals that the hacker was able to make illegitimate swaps from addresses that had approved to spend on...
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