mySwap Loses $305K After Fake EVIL Token Exploit
- Attack Overview: mySwap's concentrated liquidity pools were drained of approximately $305,000 due to an attacker manipulating the accounting with a fake token named EVIL, resulting in the theft of 137.96 ETH, 45,000 USDC, 19,900 USDT, and 230,000 STRK, highlighting vulnerabilities in DeFi systems' accounting logic.
- Exploitation Mechanism: The attacker used the fake token to distort the accounting path of the concentrated liquidity pools, allowing real assets to be withdrawn from the shared vault, emphasizing the critical importance of token validation and accounting boundaries in liquidity provider fund management.
- Risk Warning: Although the loss is smaller than the largest DeFi exploits this year, it serves as a warning for Starknet liquidity providers, indicating that complex DeFi systems are prone to failures at the intersection of assets, accounting, and permissions.
- Future Implications: No asset recovery or reimbursement plans have been announced yet, and mySwap's subsequent response and technical analysis are still underway, with the incident's implications and warning signals likely to continue attracting industry attention.
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Technical Analysis for SAFE
Technical Sentiment Analysis for Safe (SAFE). As of , Safe (SAFE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SAFE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SAFE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Safe (SAFE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0571 | 0.0685 | 0.0774 | 0.0888 | 0.0977 | 0.109 | 0.118 |
| Fibonacci | 0.0685 | 0.0763 | 0.0811 | 0.0888 | 0.0966 | 0.101 | 0.109 |
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