Trading Firm Hashflow Faces Ongoing Exploit, Resulting in $600,000 Loss: PeckShield

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Trading Firm Hashflow Faces Ongoing Exploit, Resulting in $600,000 Loss: PeckShield

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Trading Firm Hashflow Faces Ongoing Exploit, Resulting in $600,000 Loss: PeckShield

Trading firm Hashflow is currently grappling with an ongoing exploit that has led to the loss of over $600,000 in ether and arbitrum, according to blockchain security firm PeckShield.

The exploit appears to target Hashflow’s bridge contract, which enables cross-chain swaps as part of its trading service. PeckShield has identified the vulnerability as being related to contract approvals. In response to the exploit, Hashflow has taken steps to revoke approvals for multiple tokens.

The affected address associated with the exploit is the Hashflow deployer address, as indicated on Etherscan. The exploit has impacted the contract across several chains, including Ethereum, Binance Smart Chain, Polygon, and Avalanche.

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As of now, Hashflow has not provided an immediate comment or response regarding the ongoing exploit.

Please note that the situation may have evolved since the last available information, and it is advisable to seek the latest updates from reliable sources.

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