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FSWAP was attacked by hackers, and the security company successfully intercepted a loss of 3500 WBNB.
On the evening of June 13, 2022, a project called FSWAP was attacked by a Hacker. The attackers manipulated the asset ratios in the liquidity pool of the Decentralized Exchange to gain improper benefits. This attack occurred three times, two of which were successfully intercepted by a security company, saving the project party approximately 3500 WBNB in losses. Currently, the security company is in communication with the project party to discuss how to return the intercepted funds.
In this incident, the interception system of the security company played a crucial role. On-chain transaction records show that due to the interception measures in place, the attacker's two transactions ultimately ended in failure. This once again highlights the importance of blockchain security systems in protecting project and user assets.
It is worth noting that this is not the first time that the security company has successfully thwarted a hacker attack. In the past, they have helped various blockchain projects fend off hacker intrusions multiple times, including some well-known decentralized finance platforms. It is estimated that these successful defense actions have saved the project party over $5 million in potential losses.
This incident reminds us once again that with the continuous development of blockchain technology and Decentralization finance, security issues remain a major challenge faced by the entire industry. The project party needs to pay more attention to security audits and protective measures, while professional blockchain security companies play an increasingly important role in maintaining the security of the entire ecosystem.
Looking to the future, we can foresee that with the emergence of more innovative security solutions, blockchain projects will be able to better withstand various potential security threats. At the same time, this also requires the entire industry to find a balance between technological innovation and security assurance, working together to build a more secure and reliable blockchain ecosystem.