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$6.7M drained from 1inch market maker TrustedVolumes in a new DeFi heist


$6.7M drained from 1inch market maker TrustedVolumes in a new DeFi heist

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AI Overview

TrustedVolumes, a liquidity provider and market maker for 1inch, suffered an on‑chain hack that drained $6.7M; the breach directly impacts the 1inch ecosystem and affected LP capital. The incident raises DeFi security and counterparty risk for DEX integrations and market makers, likely denting liquidity provision and user confidence until on‑chain tracing, recovery or compensation efforts conclude. Keywords: crypto, DeFi, DEX, liquidity provider, market maker, hack, security, 1inch.

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1inch liquidity provider and market maker, TrustedVolumes, has been hacked, with $6.7 million drained.
Read the article at CryptoPolitan

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