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Hackers Steal $14 Million From Transaction Batching Protocol Furucombo
Last Updated: 28 February 2021
Transaction batching protocol Furucombo has just lost $14 million in another “evil contract attack,” according to a recent report.
The tool enables users to “batch transactions using different decentralized Finance (DeFi) protocols at the same time.
About $14 million worth of different cryptocurrencies was transferred to the crypto address of the attacker from the platform. However, the amount seems to be higher than this since the attackers have been shifting Ethereaum (ETH) in batches to Tornado Cash over the past three hours.
Evil contract attack steadily on the rise
This type of attack on protocols seems to be growing in popularity and impact. Within a few months, users have lost over $70 million through this type of exploit on various protocols.
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