Citing Coinomedia, a $340,000 exploit was reported on a proxy contract (0x0689…4B43) due to an outdated USDC token approval from 2020. CertiK identified the breach as stemming from lingering permissions that allowed the attacker to drain funds without new user interaction. Users are urged to revoke unused wallet permissions to mitigate similar risks.
Old USDC Approval Enables $340K Exploit via Proxy Contract
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