The Socket cross-chain protocol, specifically the Bungee platform, has been exploited, resulting in a loss of at least $3.3 million. The exploit involved draining the Socket gateway contract address, affecting around 700 users. Users are urged to revoke approvals. The exploit was due to a bad route added 3 days prior. Operations were temporarily paused but have since restarted.
The Socket/Bungee Exploiter sent a message to the @SocketDotTech team Maybe there's hope https://t.co/LKXYSvzsl6
📁Project Name - Socket Protocol 💵Funds Lost - $3.3 Million 💻Type of Hack - Exploit due to Incomplete Validation ❓Short Description - project was exploited due to incomplete validation of user inputs, impacting wallets with infinite approvals to Socket contracts. https://t.co/spjck33TW9
.@SocketDotTech and its bridging platform Bungee restarted operations after an apparent $3.3 million exploit led to a temporary pause in trading activity. https://t.co/SITUKR6BGV
Socket Protocol Loses $3.3M in Exploit, Users Urged to Revoke Approvals https://t.co/Ngmgg4a1dD
❌Exploit @BungeeExchange has suffered a hack that drained the Socket gateway contract address. The funds are currently here: https://t.co/PmmOc36Rzp
NEWS: The Socket Tech exploit was brief but nicked 700 users for a total of $3.3 million.
The Latest Breaking News 📣 — ProShares files for five leveraged and inverse #BitcoinETFs — Bungee was exploited as funds worth at least $3.3 million appear to be stolen — Ethereum’s Dencun upgrade goes live, but fails to finalize on testnet — Trial for former Terraform Labs… https://t.co/mfCdZVrR2P
DeFi protocol Socket @SocketDotTech on #ethereum has been exploited for ~💰$3.3M on Jan 16 due to a bad route added 3 days ago. Add Route tx: https://t.co/Z7WI9jEA0b This has affected users who had given infinite approval to the SocketGateway contract https://t.co/d9tUbvq6tR… https://t.co/jnP8JSumdn
DeFi protocol Socket @SocketDotTech on #ethereum has been exploited for ~$3.3M on Jan 16 due to a bad route added 3 days ago. Add Route tx: https://t.co/Z7WI9jEA0b This has affected users who had given infinite approval to the SocketGateway contract https://t.co/d9tUbvq6tR… https://t.co/ZlGbOQaHw3
Fraudsters have breached the security system of the Socket cross-chain protocol https://t.co/WaM84liIvO
.@SocketDotTech and its bridging platform Bungee restarted operations after an apparent $3.3 million exploit led to a temporary pause in trading activity. By @shauryamalwa. https://t.co/Q3evq9I2my
Socket Protocol had an issue that caused the user who had approved the SocketGateway contract to be drained. one of the attack tx: https://t.co/mybKGNbmQ8 #inspex The analysis is in this thread 🧵 https://t.co/uil2CjL57L https://t.co/b2xBvq61zU
ICYMI: Socket says Bungee protocol exploited as as funds worth $6 million appear to be stolen https://t.co/INoZyRAZTc
Socket says Bungee protocol exploited as funds worth at least $3.3 million appear to be stolen (corrects figure in headline.) https://t.co/0z9hha4Z3m
The address behind today's approval attack on Bungee/Socket is 0x50df5a2217588772471b84adbbe4194a2ed39066 It currently holds over $3.4M in ETH + tokens https://t.co/ytZPhIaVmD
Hacker swipes $3.3m from Bungee crypto bridge users by exploiting contract bug https://t.co/WbMcg8xuHW
Socket says Bungee protocol exploited as as funds worth $6 million appear to be stolen https://t.co/IhlzRyWnvX
Today's hack on @SocketDotTech results in the loss of >$3.3m. The bad route exploited in the hack was added 3 days ago and is now disabled. Here are related txs: - add route tx: https://t.co/lxw7iA1kn4 - disable route tx: https://t.co/QMHfI4YeuU The hack is due to… https://t.co/yNxF5vCwax https://t.co/QdBBgVF287
Bridge hack at @BungeeExchange Socket gateway contract address abused and drained Go to @RevokeCash ADDRESS TO REVOKE: 0x3a23f943181408eac424116af7b7790c94cb97a5 Shows up as Socket: Gateway on etherscan. Stay safe 🙏
🚨🚨🚨 IF YOU'VE USED https://t.co/y501LQ5XQt, THERE APPEARS TO BE AN ONGOING EXPLOIT AND YOU SHOULD REVOKE ANY OPEN APPROVALS ASAP ADDRESS TO REVOKE: 0x3a23f943181408eac424116af7b7790c94cb97a5 Shows up as Socket: Gateway on etherscan 🚨🚨🚨 https://t.co/cHqViFKy4a
Hack ongoing on bungee! Revoke approvals from this contract: 0x3a23f943181408eac424116af7b7790c94cb97a5 https://t.co/ljRMSzVZgn https://t.co/YJ5iRYUp42
❗️@SocketDotTech / @BungeeExchange is currently under ongoing attack. The loss is about $3.3M! 🧶Check more details below... https://t.co/8z0DibsJmR
Socket is being exploited right now, revoke 0x3a23f943181408eac424116af7b7790c94cb97a5 ASAP on https://t.co/mdF9j47Rtc !