Socket bridge protocol a reminder to be careful what you approve
Cross-chain infrastructure protocol Socket.Tech suffered an exploit on Jan. 16, affecting various Web3 apps. The attack targeted the Bungee Exchange, a…
Source: biztoc.com
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SocketDotTech protocol issues official statement after $3.3 million attack
SocketDotTech has issued an official statement following the exploit, indicating that the attack affected wallets with infinite approvals to Socket contracts. In response, all affected contracts have been paused with the protocol committing to keep users informed.
Source: fxstreet.com