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According to Cointelegraph, Skyward finance, an IDO platform enabling fair token distribution for projects on the NEAR Protocol, has been exploited for 1.1M NEAR tokens, worth an estimated $3 million USD at time of publication. According to the series of tweets on the exploit, Ref finance — a community-led multi-purpose DeFi platform built on the NEAR Protocol — and the Skyward team have been notified of the drain. The exploiter initiated the drain by buying lots of skyward tokens on Ref Finance, and “then redeemed it through Treasury on Skyward Finance.”, where they appear to have “got lots of NEAR than what 1 SKYWARD was worth”. Aurora Lab's community moderator Sanket Naikwadi cautioned SKYWARD Token holders to redeem or swap their tokens wherever they can, and no longer interact with Skyward Finance, adding that the “Hacker has already withdrawn NEAR to lots of different wallets.”

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【Skyward finance exploit results in $3 million loss】According to Cointelegraph, Skyward finance, an IDO platform enabling fair token distribution for projects on the NEAR Protocol, has been exploited for 1.1M NEAR tokens, worth an estimated $3 million USD at time of publication. According to the series of tweets on the exploit, Ref finance — a community-led multi-purpose DeFi platform built on the NEAR Protocol — and the Skyward team have been notified of the drain. The exploiter initiated the drain by buying lots of skyward tokens on Ref Finance, and “then redeemed it through Treasury on Skyward Finance.”, where they appear to have “got lots of NEAR than what 1 SKYWARD was worth”. Aurora Lab's community moderator Sanket Naikwadi cautioned SKYWARD Token holders to redeem or swap their tokens wherever they can, and no longer interact with Skyward Finance, adding that the “Hacker has already withdrawn NEAR to lots of different wallets.”

Skyward finance exploit results in $3 million loss

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Skyward finance exploit results in $3 million loss

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