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Hashflow exploited, upto $600,000 lost



Hashflow, a decentralized exchange has confirmed being exploited as flagged by Peckshield. Following the exploit, Hashflow assured that users who are affected by the $600k loss will get their funds back. 

The exchange is available on Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, and Optimism, and uses an off-chain pricing model.

According to Peckshield, the exploit is a white hat operation impacting the Ethereum, Arbitrum, Polygon, BNB Chain, and Avalanche networks of the platform.   However, Hashflow stated that the Hashflow DEX was in no way impacted, adding that the DEX continues to operate normally. 

Further, the exploited decentralized exchange has outlined recovery steps for users who were impacted. Users who are taking the recovery steps should note that they must first revoke approvals before recovering funds, Hashfkow started. 

Moreover, users who have not been impacted but engaged the Hashflow platform before May 3, 2022, should ensure they revoke any allowances from deprecated contracts as soon as they can, Hashflow said.

Peckshield is a blockchain security and data analytics firm. The firm takes on uncovering and analyzing exploits and thefts on a blockchain protocol. Before discovering the Hashflow exploit, Peckshield flagged a hack of about $800k on SturdyFinance. 

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