Analysts at PeckShield have reported a hack on the Hashflow decentralized trading platform, estimated to have cost around $600,000.
An exploit related to the approvals of operations in the protocol’s cross-chain bridge is thought to be responsible.
This system allows for exchange of various digital assets across different networks, including Ethereum, Arbitrum, BNB Chain, Polygon, and Avalanche.
Etherscan revealed the address of the protocol deployer had been targeted, with the stolen assets located on a contract with the possibility of full refund and a 10% ‘tip’ for the white hat hacker.
Hashflow representatives are currently overseeing the situation and have promised to compensate all affected users.
They also reassured the public that the platform remains fully functional. Once investigation is complete, they intend to share the full details.
