Polychain-backed DFX Finance Hacked for $7.5 million

The decentralized exchange mechanism for stablecoins, DFX Finance, announced that it was hacked at 2:21 PM ET. According to estimations from security professionals at BlockSec, an unidentified attacker stole almost $7.5 million from DFX. 1) Today we were notified about suspicious activity happening in the #DFX contracts. The attack started at Nov-10-2022 07:21:59 PM +UTC originating from wallet 0x14c19962e4a899f29b3dd9ff52ebfb5e4cb9a067. — DFX Finance (@DFXFinance) November 11, 2022 DFX Finance Recognized the Breach The DFX Finance team recognized the security vulnerability and declared that all of its smart contracts have been put on hold to address the problem. The statement by DFX The post Polychain-backed DFX Finance Hacked for $7.5 million appeared first on Cryptoknowmics-Crypto News and Media Platform .