Stablecoin DEX Saddle Finance hacked for $10 million

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Stablecoin DEX Saddle Finance hacked for $10 million
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A smart contract audit firm called BlockSec discovered the exploit and notified Saddle.

A smart contract audit firm called BlockSec was the first to notice the exploit andBlockSec was able to rescue $3.8 million from the exploiters with an internal system that can detect and front-run hacking incidents using off-chain arbitrage bots called flashbots.

"The project was taken for around 4,900 ether . Among them, 1,360 ether was rescued by us," BlockSecTeam told The Block on Twitter. Still, the hacker made off with more than $10 million in ETH from Saddle’s liquidity pools. Saddle Finance

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