Futureswap Exploited Again in $74K Reentrancy Attack
Futureswap faces its third security breach in a month as hackers siphon $74,000 through a newly discovered reentrancy vulnerability. Blockchain security firm BlockSec Phalcon confirmed the exploit, noting attackers bypassed the protocol's three-day cooldown period to manipulate LP token minting.
The attack vector mirrors earlier incidents, with hackers exploiting accounting loopholes during position updates. This follows a $395,000 exploit days prior involving stableBalance manipulation—raising questions about the protocol's audit processes.
DeFi analysts observe concerning patterns: repeated vulnerabilities in smart contract logic, delayed threat detection, and insufficient mitigation for known attack surfaces. The incidents highlight systemic risks in unaudited or hastily upgraded protocols.
