TechFlow reports that on May 14, a hacker began stealing user funds through the decentralized exchange Equalizer. The fund transfers were exposed only after the Equalizer team tweeted advising users to stop interacting with the platform's frontend.
The theft started at 04:10 UTC on May 14, when the hacker stole 2,500 SpookySwap liquidity tokens (spLP), followed by various other tokens from users. To date, the hacker has stolen approximately 2,353 Equalizer (EQUAL) tokens and several other types of tokens from users. Although the stolen tokens have relatively low value, these small transactions allowed the hacker to continue siphoning user funds undetected. The hacker’s wallet address was created 222 days ago and continues to receive stolen user funds.
Equalizer stated that its team is in the process of "restoring the main website" and has advised users to avoid using the main site until further updates are released.
