On July 24, 2024, MonoSwap, a DEX on the Blast platform, was hacked. The breach, caused by a phishing app installed by a developer, allowed attackers to withdraw a large portion of the platform's staked liquidity.
Users are urged to withdraw funds and be cautious of phishing links. Stay updated with the latest news on this incident and other related scams.
Official Advisory for MonoSwap Users
The decentralized exchange (DEX) "MonoSwap," built on the Blast platform, reported on July 24, 2024, that its platform was hacked. Users are urged to exercise caution.
In the official announcement, users are advised to "refrain from adding liquidity or staking."
Additionally, those holding positions are warned to "withdraw funds immediately to avoid losses." If you are a MonoSwap user, please be vigilant.
According to the official statement, the hack occurred because "one of MonoSwap's developers inadvertently installed a phishing app on July 23, 2024."
The developer was subsequently lured into a phone conversation with scammers, during which malicious software was installed on the developer's computer. This breach allowed attackers to access all wallets and contracts related to MonoSwap.
Impact of the Attack
The report indicates that a significant portion of the liquidity staked on MonoSwap was withdrawn by the hackers. This attack has had a considerable impact on the platform's liquidity pool.
MonoSwap has shared the URL used by the scammers to distribute the phishing app, cautioning users not to click on or download from this link if encountered online.
An investigation into the attack is currently underway. Further updates and responses to the incident will be announced in the near future.
Recently, there has been a surge in hacking and theft incidents involving cryptocurrencies. It is crucial for cryptocurrency holders to be extremely cautious about various attacks.
Numerous instances of phishing links posted by fake accounts posing as official entities have been reported on social media.
Users should be very careful when clicking on links on social media to avoid being directed to scam sites.
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