1inch blocks addresses linked to a certain exchange attacker, but 1INCH tokens cannot be frozen
Foresight News reports that 1inch has tweeted it is aware of a recent hack on an exchange and is in contact with the exchange team to provide support. Its risk management team, in collaboration with ZeroShadow, SEAL 911, TRM Labs, and others, blocked the attacker-related addresses from the 1inch DApp, 1inch Wallet and 1inch API within one hour of the incident, and continues to add newly identified addresses, sharing them with aggregators and partners. Some of the stolen assets include 1INCH tokens. Since 1INCH is a standard ERC-20 token, which does not support freezing or blacklisting, no one can freeze the stolen tokens.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Disciplined capital expenditure attracts market favor as Apple (AAPL.US) surpasses Nvidia (NVDA.US) to reclaim the top spot in global market capitalization
As concerns about Wall Street's massive returns on tech giants' artificial intelligence investments continue to intensify, Apple surpassed Nvidia on Friday to once again become the world's most valuable publicly traded company.
AI burning cash sparks credit risk concerns! S&P downgrades Meta (META.US) rating outlook to "negative," questioning its ability to monetize massive investments
S&P Global Ratings has revised Meta's credit rating outlook from “stable” to “negative,” citing the company's continued expansion of artificial intelligence (AI) capital expenditures, which has turned free cash flow negative. There remains uncertainty over whether these significant AI investments will generate sufficient returns in the coming years.
Prospect Ridge Raises $1.84 Million in Private Placement
Crypto prices
More
