Monoswap, a small DEX on the Ethereum rollup Blast, announced today that it had been hacked under questionable circumstances. The team attributed the loss of funds from the DEX’s staked liquidity pools to a phishing attack that installed malware on a single developer’s computer.

The team urged users to withdraw any remaining funds and to avoid using the protocol while they work on deploying new smart contracts.

The security lapse decimated the exchange’s already paltry total value locked (TVL), which peaked at $2.8 million back in April.

As described, some have indicated that the attack seemed easily preventable. The Monoswap team will need to explain how its contracts were so…

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