1inch has disclosed that it quickly resolved a crisis involving the 1inch Resolver Smart Contract attack.

PANews December 12th, According to the official blog, 1inch disclosed that it discovered a security vulnerability on December 9th, and the attacker fraudulently gained access to the Private Key belonging to the owner of the 1inch Labs resolver smart contract. The attacker used this access to modify the contract settings and transfer funds from the 1inch resolver. 1inch stated that its team took immediate action to address this issue, the attacker revoked the stolen access, and 1inch has strengthened its security measures to prevent similar incidents in the future. 1inch stated, 'Since our protocol is non-custodial, user funds are safe. The 1inch application and infrastructure are not affected and remain completely secure.'