1inch Distances Itself From $6.7M TrustedVolumes Exploit
Tech 1inch Distances Itself From $6.7M TrustedVolumes Exploit Security firms Blockaid and CertiK said the attacker exploited a publicly accessible function to register as an approved order signer before draining funds through malicious transactions. The stolen assets included Wrapped Ether, USDT, Wrapped Bitcoin, and USDC. TrustedVolumes Exploit Drains $6.7M TrustedVolumes, an independent market maker and resolver used by decentralized exchange aggregator 1inch Fusion, confirmed that it suffered a major that resulted in approximately $6.7 million in stolen crypto assets. The company revealed that the funds are currently spread across three Ethereum wallets, with two of the addresses holding roughly $3 million each and a third wallet containing close to $700,000. In a that was shared on X, TrustedVolumes said it was willing to engage in “constructive communication” with the attacker and appeared open to negotiating a bug bounty arrangement or another mutually acceptable resolution. The exploit first came to light after blockchain security firm Blockaid identified suspicious activity involving TrustedVolumes Ethereum-based swap infrastructure. According to Blockaid, the attack targeted a custom swap system controlled by TrustedVolumes and initially resulted in an estimated loss of around $5.87 million. The stolen assets reportedly included Wrapped Ether, USDT, Wrapped Bitcoin, and . The estimate later increased as more information became