Aerodrome and Velodrome DEXs Report Front-End Compromise
Aerodrome, the largest decentralized exchange (DEX) on the Base network, has announced that its front-end has been compromised and advised users to avoid interacting with it. The official Aerodrome account tweeted that the team is currently investigating the issue. Similarly, Velodrome, the largest DEX on Optimism, also reported a front-end compromise.
Unusual Transaction Suggestions and Stolen Funds
Users have reported receiving unusual transaction suggestions while connecting their wallets to Aerodrome. In addition, an on-chain sleuth identified that the stolen funds are being sent to two specific wallets: 0x02BA and 0xf64f. These wallets currently hold a combined balance of approximately $68,000.
Hot Take: Security Breach at Decentralized Exchanges Raises Concerns
The recent front-end compromises at Aerodrome and Velodrome highlight the security risks associated with decentralized exchanges. It is crucial for users to exercise caution when interacting with these platforms and ensure they are using secure wallets. This incident serves as a reminder that while decentralized exchanges offer many benefits, they are not immune to vulnerabilities. As the crypto industry continues to evolve, it is essential for DEXs to prioritize security measures and for users to stay vigilant.
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