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BlockTower Capital Loses $1.5M in DeFi Market Aggregator Dexible Exploit: Blockchain Data

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Blockchain data shows that the hacker stole $1.5M of TRU tokens from BlockTower Capital. Then they traded to ETH using SushiSwap and transferred the stolen funds to TornadoCash. sndr_krisztian reports

that the hacker exploited a weakness in the smart contract code, allowing them to drain funds from crypto wallets with funds that have been approved for spending.

The team added that “a few whales,” meaning large crypto holders, accounted for about 85% of the losses.The wallet address associated with the Dexible exploiter on blockchain monitoring platform Etherscan drained some $1.5 million in TRU tokens from a wallet labeled as BlockTower’s by Arkham Intelligence, a blockchain intelligence firm. Blockchain intelligence firmThe Dexible exploiter traded the stolen funds for ETH using SushiSwap, then transferred the funds to TornadoCash.

The exploit affected 13 wallets on Arbitrum and five wallets on Ethereum, draining a total of per Dexible's report. "We have paused these contracts, while we get a full picture of the situation," Michael Coon, chief executive of Dexible,

 

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