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Transaction Batching Protocol Furucombo Suffers $14 Million “Evil Contract” Hack
Summary: Furucombo, a tool designed to help users “batch” transactions and interactions with multiple decentralized finance (DeFi) protocols at once, fell victim to the attack which centered on token approvals from users. The latest exploit has netted an attacker over $14 million in stolen funds. Analyst Igor Igamberdiev said, "an attacker using a fake contract made ...
Furucombo, a tool designed to help users “batch” transactions and interactions with multiple decentralized finance (DeFi) protocols at once, fell victim to the attack which centered on token approvals from users. The latest exploit has netted an attacker over $14 million in stolen funds.
Analyst Igor Igamberdiev said, "an attacker using a fake contract made Furuсombo think that Aave v2 has a new implementation. Because of this, all interactions with ‘Aave v2’ allowed transfers approved tokens to an arbitrary address."
By Amy Liu
Tags: Attack,Furucombo,Hacker
Link: Transaction Batching Protocol Furucombo Suffers $14 Million “Evil Contract” Hack [Copy]
