Incident Overview
A 2-of-7 Safe multisig on Avalanche holding trading inventory had granted unlimited approvals to an address that anyone could deploy code to due to a misconfiguration. An attacker’s attempt was front-run by an MEV bot, which took approximately $7.45M in assets. The bot claims to be a whitehat and is negotiating the return of funds for a 5–10% bounty.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.