Decentralized Exchange WOOFi Addresses Vulnerability and Plans Recovery

According to PANews, decentralized exchange platform WOOFi announced on Twitter that a vulnerability in WOOFi Swap was discovered on Arbitrum earlier today. The threat has been contained, and all other WOO contracts have been marked as safe. WOOFi Pro, Stake, and Earn remain unaffected and are operating normally while the contracts are updated and undergo additional audits. WOOFi Earn depositors can continue to withdraw funds as usual. Efforts have already begun to recover the lost funds, and a 10% white hat bounty has been offered to the attacker. The goal is to have WOOFi Swap fully operational again within the next two weeks. According to previous reports, an anonymous security analyst named Spreek claimed on Twitter that Wootrade's WooPPV2 contract on Arbitrum was exploited by an attacker, resulting in a loss of $9 million.