Equalizer DEX hacker drains funds: Users warned, investigation underway

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Equalizer DEX hacker drains funds: Users warned, investigation underway
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  • 📰 Cointelegraph
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On May 14, a massive security breach hit the decentralized exchanges Equalizer, draining 2,353 EQUAL tokens and millions more from FantomStarter, AnyInu, and others.

A hacker began draining user funds on May 14 through the decentralized exchange Equalizer. The misuse of funds only became apparent when the Equalizer team tweeted warning users to stop interacting with the exchange.

So far, the hacker has drained around 2,353 Equalizer and several other tokens from users. Though the value of the stolen tokens is low, the small transactions allowed the hacker to continue siphoning user funds under the radar.SpookySwap liquidity tokens being drained at around 4:10 am UTC on May 14, which led to many other tokens being taken from users.

To add insult to injury, a scammer then created a fake Equalizer X account and posted how affected users could claim a refund.It is not yet clear whether all the tokens were drained through the Equalizer DEX, but the Equalizer team is currently still investigating the exploit.“If connecting to the dapp ] asks you to Approve something, immediately Stop using that site. If the dapp asks you to interact with a contract you have never interacted with earlier, Stop using that site.

The team is “working on restoring the main website” and has informed users to avoid using the main website until updated.CPI meets $60K BTC price battle — 5 things to know in Bitcoin this week

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