🚀 DeFi Exchange Clipper Hacked for $450,000
posted 2 Dec 2024
Hackers exploited the decentralized exchange Clipper, stealing approximately $450,000. The incident impacted assets on the Base and Optimism networks.
The decentralized exchange Clipper suffered an exploit on December 1, 2024, resulting in the theft of $450,000 in crypto assets—roughly 6% of the protocol's total value locked (TVL).
The attack targeted liquidity pools on the Optimism and Base networks. Attempts to compromise pools on other chains were unsuccessful.
The platform has temporarily paused swaps and deposits while the investigation continues. Withdrawals remain operational due to Clipper's non-custodial design.
Clipper DEX. Source: blog.clipper.exchange
Clipper has dismissed the possibility of a private key leak, stating that such a scenario does not align with its security architecture. The team is actively tracking stolen assets to facilitate recovery and has invited the hackers to contact the company directly.
The breach was initially reported by Chaofan Shou, co-founder of the security firm Fuzzland, who stated:
Clipper Exchange is hacked due to API vulnerability (like private key leak). $500K+ loss and $6.5M at risk right now. Withdraw immediately.
This incident adds to the 2024 crypto theft statistics. According to Immunefi, a total of $1.48 billion has been stolen in the crypto industry as of the end of November, reflecting a 15% decrease compared to the same period in 2023.
Clipper is committed to transparency and will provide further updates to the community as more information becomes availablethe team assured in their statement.
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