The decentralized Rubic exchange was hacked for $ 1.2 million

The cross-chain swap aggregator Rubic lost more than $1.2 million after a hacker gained access to a seed phrase from the administrator’s wallet.

According to the developers, the hacked wallet managed the RBC/BRBC bridge and the staking rewards.

“We suspect that it was malicious software that was used to gain access to private keys,” they noted.

The attacker sold about 34 million RBC and BRBC tokens with a total value of more than $1.2 million on the decentralized platforms Uniswap and PancakeSwap. The hacker’s wallet still contains 205 BNB (over $65,000) and 138 ETH (over $214,000).

Rubic developers noted that the exchange continues to work, and all users’ funds are safe.

A few hours after the attack, the price of RBC dropped by more than 98%. At the time of writing, the token is trading at $0.03, according to CoinGecko.

Earlier, ForkLog reported that the Deribit crypto derivatives exchange was hacked for $28 million.

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