ChainSwap, a cross-chain asset gateway, has been hacked, with the hackers making off $2.3 million. In addition, several projects that had collaborated with ChainSwap to connect Ethereum and the Binance Smart Chain have also been affected.
Wilder Worlds (WILD), Antimatter (MATTER), Option Room (ROOM), Umbrella Network (UMB), Blank, Nord Finance (NORD), Razor Network (RAZOR), Peri, Unido (UDO), Oro, Vortex (VTX), Corra (CORA), ROCKS, Dafi, and Unifarm (UFARM) were among the projects affected in the hack.
ChainSwap has temporarily halted liquidity while investigating the attack, advising customers not to purchase the $ASAP token until the investigation is complete.
On its part, ChainSwap has issued a series of messages on Twitter to reassure users and projects on its network. In addition, ChainSwap’s staff has leaped into motion to mitigate the damage caused by the hacking.
Chainflip is also putting up a compensation scheme for the tokens that have been impacted. The team has also taken pre-hack snapshots of token holders and liquidity providers. It will airdrop 1:1 new $ASAP tokens while re-adding liquidity. This will cover holders of $ASAP tokens on exchanges.
This month, ChainSwap was hacked for the second time, affecting projects that use the protocol. Most of these tokens, including ChainSwap’s native tokens ASAP, lost at least 95 percent of their value in the aftermath of the most recent breach.
Before it was struck a second time, ChainSwap was still working to reimburse consumers for a previous vulnerability on July 2nd, 2021. The project revealed on July 2nd that its smart contract had been hacked, with hackers draining roughly $800,000 worth of assets from customers’ wallets.