The crypto industry has been trying to increase the safety of most crypto assets and protocols using modern technological approaches. However, issues of exploits in the industry are becoming more rampant than before. The bad actors explore diverse methods of hacking crypto tokens.
A new crypto exploit involving CoWSwap has hit the decentralized finance (DeFi) space. As a result, the decentralized exchange (DEX) lost over 550 BNB tokens through a solver attack.
CoWSwap Suffered A Smart Contract Hack
The blockchain security firm, PeckShield, was the first to report the exploit on one of CoWSwap’s smart contracts. Subsequently, the DEX has lost approximately 551 BNB tokens worth about $ 181,600 in the current crypto market prices.