SkywardFinance exploit leads to $3 million loss, decoding details
. These tokens were then redeemed through the treasury on Skyward Finance. “looking at txn it seems he passed multiple arguments in a single txn. so for every extra passed value, he got extra redemption without having SKYWARD Tokens.” Naikwadi stated.The Skyward team was quick to respond once it was alerted, but given that these contracts are locked, there was nothing they could do.
When the dust settled, the Skyward Treasury was empty and the SKYWARD token was worth next to nothing. Data fromAs for NEAR protocol, data derived fromSkyward Finance has clarified that previous and current token sales were unaffected by this exploit. All the users have been urged to withdraw their funds and refrain from interacting with the platform.
The month of November has only just begun and the crypto space has already lost more than $33 million to
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