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Token of Power attacked, approximately $1.58 million in losses.
Token of Power attacked, approximately $1.58 million in losses. BlockBeats news, June 9, according to Cyvers Alerts monitoring, Token of Power was hacked, with losses of about $1.58 million. An address with funds sourced from Tornado Cash executed a malicious transaction, transferring funds from the Balancer V1 TOP/WETH liquidity pool.
Next, three things need to be watched: whether related funds continue to flow in, whether on-chain trading volume and holdings keep increasing, and whether the project team or regulators provide new confirmation information. A single news flash can only indicate that sentiment has been ignited; subsequent data will determine if it can develop into a trend.
Risks should also be on the table: stolen assets are subsequently transferred back into Tornado Cash for mixing. [Original link]
$v1 #top #weth #defi # on-chain data