Security· ★★· bearish·

DotSwap V1 exploited: about 8.5 BTC stolen

  • —DotSwap V1 was attacked on Oct. 25, with about 8.5 BTC ($685,000) stolen
  • —Attacker used a legacy server-side signing path over roughly four hours
  • —V1 liquidity sat in a custodial multisig, so losses hit LPs
  • —V1 is offline; the team is tracing funds with exchanges and analytics partners
Why it matters: The exploit highlights custody risk in legacy protocol versions and could erode trust in Bitcoin-based LP models.
#BTC
Source: PANews
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