Transaction batching protocol Furucombo suffers $14 million “evil contract” hack

Cointelegraph

Published Feb 27, 2021 02:59PM ET

Updated Feb 27, 2021 04:40PM ET

The latest “evil contract” exploit has netted an attacker over $14 million in stolen funds.

Furucombo, a tool designed to help users “batch” transactions and interactions with multiple decentralized finance (DeFi) protocols at once, fell victim to the attack at roughly 4:45 pm UTC, which centered on token approvals from users.

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