1inch Says TrustedVolumes Hack Had No Impact on Its Systems or User Funds

DeFi platform 1inch said a hacking incident involving liquidity provider TrustedVolumes on May 7 was unrelated to its systems, infrastructure or user funds.

In a post on X the same day, 1inch said claims that reports about the TrustedVolumes hack were tied to the company were false.

Earlier, Web3 security firm CertiK said attackers exploited a smart-contract vulnerability at TrustedVolumes and stole about $5.87 million. Blockaid said the hack was believed to have been carried out by the same attacker who had previously exploited a 1inch vulnerability.

1inch said it had confirmed that none of its systems, infrastructure or user funds had been affected. It added that it hoped inaccurate reports would not cause confusion. The company also said TrustedVolumes is an independent liquidity provider serving multiple platforms across the industry, not a service exclusive to 1inch.