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Blockaid: Ekubo has suffered losses of approximately 1.4 million dollars in the attack incident.

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PANews
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1 hour ago
AI summarizes in 5 seconds.

PANews May 6 news, according to Blockaid monitoring, the Ekubo Protocol's custom extension contract on Ethereum suffered an attack early this morning, with approximately 1.4 million dollars stolen. Ekubo users themselves are not affected; only users who authorized the V2 contract as token spenders are at risk. The root of the vulnerability lies in the IPayer.pay callback function of the Ekubo extension contract, where the parameters payer, token, and amount of token.transferFrom come directly from the locked payload, controlled by the attacker. The contract did not verify whether the payer was the initiator of the lock or an authorized payer; attackers could leverage users' previous ERC-20 authorization for that contract, routing through Core to the extension contract, designating any authorized user as payer and themselves as the withdrawal recipient, thereby stealing assets.

Previous news, Ekubo: A security incident occurred in the Swap routing contract of Ekubo on the EVM chain, suggesting to revoke authorization for related addresses.

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