1inch disclosed that it discovered a security vulnerability on December 9, resulting in a loss of approximately $250,000

Wu said that, according to the official blog, 1inch disclosed that it discovered a security vulnerability on December 9, and the attacker fraudulently obtained access to the Private Key of the 1inch Labs resolver Smart Contract owner. The attacker used this access to modify the contract settings and transfer funds from the 1inch resolver. 1inch stated that its team took prompt action to address the issue. The loss is approximately $250,000. 1inch stated that user funds are safe, and the 1inch application and infrastructure are unaffected and remain fully secure.