Filament DEX Rocked by $572K Self-Liquidation Exploit: Hackers Strike in the Dead of Night

Attackers Use Order Book Manipulation to Steal Big

Hold onto your hats, crypto fans! Filament, the hot decentralized exchange on the Sei blockchain, just got slammed by a slick self-liquidation exploit. We're talking a cool $572,000 swiped right under their noses!

How Did They Pull It Off?

Get this: the hackers hit Filament between midnight and 4 AM UTC on April 6th, using a crafty combo of huge orders and self-liquidations across multiple accounts. They played the system like a fiddle, manipulating prices and walking away with the cash. Before the chaos, Filament was sitting pretty with around $680,000 in user deposits.

Filament's Response: All Hands on Deck

As soon as they caught wind of the breach, Filament slammed the brakes on all trading and withdrawals faster than you can say "blockchain." They're not messing around, launching a full-blown investigation and teaming up with law enforcement and blockchain security gurus to chase down those stolen funds.

The Money Trail: From Symbiosis to FixedFloat

The attackers didn't waste any time, moving the loot through the Symbiosis Bridge and into exchanges, mainly FixedFloat. Filament's not holding back, sharing wallet addresses and transaction details with the authorities and forensic teams to help get that money back where it belongs.

A Bounty on the Hacker's Head

Listen up, hackers! Filament's putting a 10% bounty on your head, that's about $57,000, if you return the rest of the cash. They're open to negotiating, but you better cooperate fully if you want that deal.

Co-Founder's Update: Minute-by-Minute Review

Abhitej, the mysterious co-founder of Filament, dropped an update on X, saying the team's combing through logs second by second, working with the authorities, and cooking up a plan to return what's left to the liquidity providers. They're promising a full report soon, along with a way for affected users in the COMB Pool to claw back some of their assets.

Crypto Hacks: 2025's Worst Year Yet

This Filament fiasco is just the latest in what's shaping up to be the worst year on record for crypto hacks. Immunefi's Q1 2025 report says a staggering $1.64 billion was snatched in the first three months alone. DeFi protocols took a $106.8 million hit in 38 incidents, while centralized platforms saw just two breaches, but they were doozies, totaling $1.5 billion.

Hyperliquid's $10.63M Loss: A Warning Sign

Remember Hyperliquid (HYPE)? They lost $10.63 million to a self-liquidation incident on March 26th. Dr. Jan Philipp Fritsche from Oak Security is sounding the alarm, saying many DeFi platforms are sitting ducks for these kinds of exploits due to predictable flaws in their trading mechanics.