Yesterday, users of meta matcha (product similar to llamaswap) got exploited for $16.8M from an approval hack I'm extremely paranoid about this, so for llamaswap I personally manually audit every single contract our users approve to make sure it's safe
CoinGecko
CoinGeckoJan 26, 19:11
NEWS: DEX Matcha Meta suffers a $16.8M smart contract exploit via SwapNet on Base, with the attacker swapping $USDC for $ETH and bridging funds to Ethereum.
This means that llamaswap is slower to add new features and aggregators But to this date our users have NEVER had an approval hack, despite doing almost 100 billion in volume over the years and being the most used meta aggregator
Because of the trust our users place in us doing up to 9 figure swaps on llamaswap, I'm extremely paranoid about security To the point where every single frontend update must be reviewed by me manually (and many others) to be pushed to production, otherwise it doesnt go live
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