SWEAT protocol thwarts multi-million dollar exploit, restores user balances
The Block
The SWEAT protocol successfully mitigated a $3.5 million exploit, fully restoring all user balances with the assistance of exchange partners.Summary
The SWEAT protocol, a move-to-earn application on the Near blockchain, recently fended off a multi-million dollar exploit that targeted the top 100 holder accounts. After an attacker gained control of approximately 13.71 billion SWEAT tokens, the project team collaborated with the crypto exchange MEXC and the liquidity provider Rhea Finance to pause the contract and freeze the attacker's assets. The team confirmed that all user funds have been restored, and they intend to conduct a forensic analysis while coordinating with law enforcement regarding the incident.
(Source：The Block)