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cryptonews
2022-06-08 10:22:00

Osmosis DEX Hacked for USD 5M, Team Denies Liquidity Pools Being 'Completely Drained'

Osmosis DEX Hacked for USD 5M, Team Denies Liquidity Pools Being 'Completely Drained'

Osmosis, a proof-of-stake (PoS) blockchain with a decentralized exchange (DEX) application within the Cosmos (ATOM) ecosystem, has been exploited to the tune of some USD 5m. The project's official Twitter account confirmed the hack but denied allegations that liquidity pools were completely drained. "Devs are fixing the bug, scoping the size of losses (likely in the range of ~[USD]5M), and working on recovery."...Read More: Osmosis DEX Hacked for USD 5M, Team Denies Liquidity Pools Being 'Completely Drained'

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