Decentralized exchange QuickSwap exploited for $220K, plans to close lending marketsThe exploit took place on the Market XYZ lending market, which was the only platform compromised, according to QuickSwap. The attack had initially been linked to Qi DAO — which issues the miMatic stablecoin — by PeckShield. The security and analytics firm later attributed the attack to an exploit on QuickSwap. The DEX later confirmed that $220,000 had been exploited using flash loans, and QuickSwap lend is now set to close. An update had been promised in the early hours of Monday, but users were left waiting around 12 hours for any clarity on the issue. QuickSwap, a decentralized exchange on Polygon, was exploited for $220,000, according to the exchange.
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