If you are a user of Tower Swap, here is a breakdown of what happened, how much was lost, and the immediate steps you need to take to protect your assets. At approximately [Time] UTC, security analysts detected unusual outflows from Tower Swap’s primary liquidity pools. The attacker exploited a vulnerability in the platform’s withdrawal function , allowing them to drain funds without the required token approval.
Date: October 26, 2023 Reading Time: 3 minutes Tower Swap Hacked
Another day, another decentralized finance (DeFi) exploit. This morning, the team behind confirmed that malicious actors have successfully breached their smart contracts, leading to a significant loss of user funds. If you are a user of Tower Swap,