Palmswap: Over $900,000 in funds stolen, has contacted Binance, USDT, and others for assistance

ChainCatcher news, the decentralized perpetual contract exchange Palmswap officially stated that it has analyzed the situation over the past few hours, contacted the auditor Zokyo, Binance, and USDT, and sought help and assessment of the situation. The smart contract was exploited at 17:23 UTC on July 24. A total of 901455.9215 USDT was stolen from the LP treasury contract, and the PLP contract and all related contracts have been suspended. The investigation into this case is ongoing, and updates will be provided in a timely manner.

In addition, the team released a proposal to the hacker, stating that if the hacker returns the funds, they will be regarded as a white hat and no legal action will be taken.