MonoX Protocol

Cybercriminals hacked the decentralized finance (DeFi) platform **MonoX**, stealing **$31 million** in cryptocurrency. The attack targeted the multi-chain decentralized exchange, which provides infrastructure for Bitcoin, Ethereum, and other blockchains. The breach was first detected on **December 1**, exposing vulnerabilities in the platform’s security framework.

Dec 2021The Indian ExpressNews article

MonoX, a decentralized finance (DeFi) platform, suffers a security breach resulting in the theft of $31 million in assets across its Polygon and Ethereum networks. The incident highlights vulnerabilities in DeFi protocols despite their growing adoption. No further details on the attack method or recovery efforts are provided in the report.

Dec 2021CoinspeakerNews article

MonoX Finance’s decentralized finance protocol suffered a $31 million exploit. The breach highlights ongoing security vulnerabilities in DeFi platforms, where smart contract flaws or unauthorized access can lead to significant financial losses. This incident follows a series of high-profile exploits targeting similar protocols in 2024.

Dec 2021Yahoo FinanceNews article

MonoX Finance’s liquidity pools on Ethereum and Polygon suffer a $31 million exploit. The attack targets multiple cross-chain DeFi protocols, draining user funds across both networks. No specific vulnerabilities or recovery actions are detailed in the report.

Nov 2021Crypto BriefingNews article