According to blockchain security firm Blockaid, the attack has drained nearly $6 million from TrustedVolumes, a liquidity provider operating on 1inch.
TrustedVolumes, a liquidity provider on 1inch, has been hit by an ongoing exploit that has drained nearly $6 million, according to blockchain security firm Blockaid. The report points to a significant loss affecting market-making or liquidity operations tied to 1inch, a decentralized exchange aggregator that routes trades across multiple crypto venues. Exploits targeting liquidity infrastructure can disrupt trading activity and expose vulnerabilities in smart contracts (self-executing blockchain code) or related operational systems, though the source does not specify the technical cause of this incident.