Decentralized exchange aggregator 1inch said it was not breached in a $6.7 million exploit that hit TrustedVolumes, an independent resolver, adding that its protocols, infrastructure, and user funds were unaffected.
1inch denies breach
According to the team, no 1inch smart contracts, backend systems, or user balances were impacted by the incident. The company stressed that the exploit did not originate from or compromise any component of the 1inch protocol.
Third-party resolver targeted
The exploit targeted TrustedVolumes, described as an independent resolver operating separately from 1inch. While losses were estimated at $6.7 million, the incident was isolated to the third-party resolver and did not involve 1inch’s systems.
Context
1inch is a decentralized exchange (DEX) aggregator that routes trades across multiple liquidity sources to seek optimal pricing for users. Security incidents affecting external service providers can occur in the broader decentralized finance ecosystem even when core protocol infrastructure remains secure.