Hacker Drains $5.9M From Ethereum Liquidity Provider TrustedVolumes

💰 TrustedVolumes, a liquidity provider on Ethereum, suffered a $5.9 million loss due to a hacker exploiting a vulnerability in their custom trading system.

🔍 The attacker manipulated a design flaw in the Request for Quote (RFQ) proxy, allowing them to register as an authorized order signer and drain funds from the platform.

🚫 Despite initial confusion, 1inch clarified that the exploit was not related to their protocol, emphasizing that TrustedVolumes operates independently and that no user funds on 1inch were compromised.