DeFi protocol SIR.trading hacked, losing $355K TVL, highlighting potential Ethereum security flaw

From Cointelegraph
March 30, 2025 11:03 pm:

Ethereum-based DeFi protocol SIR.trading hacked, losing entire $355,000 TVL. Hack detected by security firms TenArmorAlert and Decurity on March 30. Founder Xatarrer vows to continue despite setback.
Decurity described hack as “clever attack” targeting contract vault, exploiting Ethereum’s transient storage feature. Attacker redirected funds by replacing Uniswap pool address in callback function. Attack demonstrates potential security flaw in Ethereum’s transient storage added with last year’s Dencun upgrade.
SupLabsYi from Supremacy details attack on X post, highlighting attack’s exploitation of nascent feature. Stolen funds now in Railgun-funded address, Xatarrer seeks assistance from Railgun. SIR.trading aimed for safer leveraged trading to address volatility decay and liquidation risks, despite warning of potential smart contract bugs.

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