DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Download on the App Store
Screenshot of DeepNewz app showing story detail view.
Mar 7, 01:02 PM
1inch Suffers Over $5 Million Loss on March 5 Due to Smart Contract Vulnerability, Including $4.5 Million Hack
DeFi
Hacks
Crypto

1inch Suffers Over $5 Million Loss on March 5 Due to Smart Contract Vulnerability, Including $4.5 Million Hack

Authors
  • Cointelegraph
  • 1inch
  • Wu Blockchain
16

On March 5, 2025, the 1inch team identified a vulnerability in resolver smart contracts related to the outdated Fusion v1 implementation. This issue did not compromise user funds but affected resolvers utilizing Fusion v1 in their contracts. Following this discovery, a hack was reported involving the market maker Trusted Volumes, which resulted in a loss exceeding $4.5 million, alongside smaller market makers losing approximately $0.5 million. The total loss due to the exploitation of the vulnerability is estimated to be over $5 million, including more than 2.4 million USDC and 1,276 WETH. 1inch has initiated damage control measures, urging audits and rolling out a bug bounty program to enhance security. The investigation into the incident is ongoing, with 1inch emphasizing that regular users were not impacted by the breach.

Written with ChatGPT (GPT-4o mini).

Additional media

Image #1 for story 1inch-suffers-over-5-million-loss-on-march-5-due-to-smart-contract-vulnerability-f8508c2b
Image #2 for story 1inch-suffers-over-5-million-loss-on-march-5-due-to-smart-contract-vulnerability-f8508c2b
Image #3 for story 1inch-suffers-over-5-million-loss-on-march-5-due-to-smart-contract-vulnerability-f8508c2b
Image #4 for story 1inch-suffers-over-5-million-loss-on-march-5-due-to-smart-contract-vulnerability-f8508c2b
Image #5 for story 1inch-suffers-over-5-million-loss-on-march-5-due-to-smart-contract-vulnerability-f8508c2b
Image #6 for story 1inch-suffers-over-5-million-loss-on-march-5-due-to-smart-contract-vulnerability-f8508c2b
Image #7 for story 1inch-suffers-over-5-million-loss-on-march-5-due-to-smart-contract-vulnerability-f8508c2b