QuickSwap hit with $220,000 flash loan attack
On October 25th, hackers attacked decentralized exchange (DEX) QuickSwap, a fork of the originator of Automated Market Makers in the DeFi sector Uniswap, making away with $220,000 in a flash loan exploit.
The DEX said it had closed QuickSwap Lend, its lending protocol, following the exploit. It added that the only platform hit by an exploit was its Market XYZ lending market. Users also didn’t lose any funds, according to the DEX.