Key Takeaways
- DeFi protocol MonoSwap has suffered a major security breach.
- Most staked liquidity positions have been withdrawn by hackers, causing significant damage to the protocol.
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MonoSwap, a decentralized exchange (DEX) operating on the Blast framework, was hit by a phishing attack that resulted in staked liquidity losses, said the project in a recent statement. Users are advised to immediately withdraw all staked positions to prevent further losses, as well as avoid adding liquidity or staking in farming pools.
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