Troves xWBTC/WBTC Vault Attacked, Initial Losses Approximately 8.6 BTC
TechFlow reported on November 1 that DeFi protocol Troves announced its xWBTC/WBTC vault was targeted by an exploit on October 31, with preliminary losses estimated at approximately 8.6 BTC.According to current investigation results, this attack only involved the xWBTC/WBTC vault, and no other Troves vaults have been found to be affected. The cause of the attack was related to an outdated rebalancing contract that had been replaced but retained operational permissions.Troves stated that it has revoked the relevant contract permissions and suspended the affected and potentially risky vaults for security reasons. The team is currently tracking the stolen funds with security partners, assessing the full scope of the losses, and exploring fund recovery solutions. A detailed incident review and handling plans for affected depositors will be released subsequently.
TechFlow reported on November 1 that DeFi protocol Troves announced its xWBTC/WBTC vault was targeted by an exploit on October 31, with preliminary losses estimated at approximately 8.6 BTC.
According to current investigation results, this attack only involved the xWBTC/WBTC vault, and no other Troves vaults have been found to be affected. The cause of the attack was related to an outdated rebalancing contract that had been replaced but retained operational permissions.
Troves stated that it has revoked the relevant contract permissions and suspended the affected and potentially risky vaults for security reasons. The team is currently tracking the stolen funds with security partners, assessing the full scope of the losses, and exploring fund recovery solutions. A detailed incident review and handling plans for affected depositors will be released subsequently.
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