- LaunchZone’s Bscex SwapX contract was hit resulting in the loot of about $7.7 million of funds.
- 75,586 addresses were still at risk as the main attacker was still on the lookout.
The DeFi ecosystem continued to be a happy hunting ground for hackers as yet another protocol fell victim to an exploit.
A vulnerability in the early contract Bscex SwapX of LaunchZone [LZ], a BNB Chain-based decentralized exchange (DEX), was exploited resulting in the loot of about $7.7 million of funds.
Exactly a month ago, $700,000 worth of funds were drained out of LaunchZone’s liquidity pool, following which its native token LZ tanked and other platforms suspended transactions involving the token.