imBTC Uniswap v1 Pool DRAINED

By favicon | fav | 18 Apr 2020


One hour ago social media started to heat up around imBTC, reason is that its liquidity pool on Uniswap v1 was completely drained.

Source: https://twitter.com/haydenzadams/status/1251402613318393857?s=20

So whoever supplied imBTC to Uniswap obviously did not do their research. ERC-777, as used by imBTC, was never supported by Uniswap v1, and this is public knowledge.

I wonder why Uniswap doesn't have alerts in the UI for this kind of exploitable action...?

Source: https://twitter.com/PieDAO_DeFi/status/1251402128653983744

PieDAO's BTC++ has 25% imBTC in it, and trading has been paused as a protective measure.


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