MonoX Finance’s $2.1 Million Mined In 2021 Is Flowing Into Tornado Cash

$2.1 million of MonoX Finance was discovered by PeckShieldAlert being transferred by hackers to Tornado Cash. MonoX Finance had $31 million stolen on Ethereum and Polygon last November.

Popular blockchain security firm Peckshield announced in its latest tweet that it discovered $2.1 million of MonoX Finance was transferred into Tornado Cash by hackers.

On November 30, 2021, MonoX Finance, a DeFi protocol that allows users to provide liquidity in single assets on Ethereum and Polygon, appears to have been mined. Users noticed that all staking pools on Ethereum and Polygon were withdrawn, with more than $31 million worth of tokens.

Igor Igamberdiev was the first to provide information about the hack on Twitter. Among the lost funds, $18.2 million worth was in Wrapped Ethereum, and $10.5 million in MATIC tokens were also stolen. Several other tokens also lost a smaller amount, including Wrapped Bitcoin, Chainlink, Unit Protocol, Aavegotchi, and Immutable X.

The MonoX team have also released a statement confirming how the exploit took place

“A method in the swap contract was exploited and boosted MONO token price to sky high. The attacker then used MONO token to purchase all the other assets in the pool.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news:

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page


CoinCu News

970x90.gif (970×90)