Merkle Trade Hack

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Discovered On2024-04-18
Stolen Amount$20k
Affected Networks
Ethereum Mainnet (Unsupported) Logo
Polygon Mainnet (Unsupported) Logo
Arbitrum One (Unsupported) Logo
OP Mainnet (Unsupported) Logo
BNB Smart Chain Mainnet (Unsupported) Logo
Avalanche C-Chain (Unsupported) Logo
Read Moretwitter.com

Description

About $20k was stolen from users of Merkle Trade, a perp DEX on multiple networks. After discovering the vulnerability in their newer EVM Swap & Deposit smart contract, Merkle Trade rolled back their service to an older smart contract. Only users that have interacted with Merkle's new Swap & Deposit functionality on EVM chains since the 18th of April were affected.

Affected users remain at risk as long as they haven't revoked their approvals, so it is recommended to use the Revoke.cash Exploit Checker below to make sure that you're safe.

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