Filament, a decentralized change constructed on the Sei blockchain, has been hit by a significant self-liquidation exploit.
In response to the platform’s post-hack assertion shared on X, attackers took benefit of the platform’s order ebook system to steal round $572,000.
The Filament DEX exploit occurred between 12:00 AM and 4:00 AM UTC on Apr. 6, throughout which the attackers used massive orders and self-liquidations throughout a number of accounts to control costs and withdraw funds. Earlier than the incident, Filament held round $680,000 in person deposits.
Quickly after detecting the breach, Filament paused all buying and selling and withdrawals to cease additional losses. They’ve since launched a full investigation, teaming up with regulation enforcement and blockchain safety consultants to trace the stolen funds.
The attackers moved the funds by way of the Symbiosis Bridge, then into exchanges, principally FixedFloat. Pockets addresses and transactions linked to the incident have been shared with authorities and forensic groups to assist get well the funds.
Filament has supplied the exploiter a ten% bounty, about $57,000, in the event that they return the remainder of the cash. The supply is open to negotiation, so long as the attacker cooperates totally.
Filament co-founder, identified solely as Abhitej, additionally posted an replace on X, saying the crew is reviewing logs minute by minute, working with authorities, and making ready a plan to return what’s left to liquidity suppliers. A full report will probably be offered quickly, together with a course of for affected customers within the platform’s COMB Pool to reclaim a few of their belongings.
This assault provides to what has already been the worst 12 months on file for crypto hacks. In response to Immunefi’s Q1 2025 report, $1.64 billion was stolen within the first quarter of 2025 alone. DeFi protocols misplaced $106.8 million in 38 incidents, whereas centralized platforms noticed simply two breaches, however with a lot bigger losses totaling $1.5 billion.
On Mar. 26, Hyperliquid (HYPE) incurred a $10.63 million loss, additionally on account of a self-liquidation incident. Oak Safety’s managing director Dr. Jan Philipp Fritsche just lately warned that many DeFi platforms are prone to self-liquidation exploits attributable to predictable failures in buying and selling mechanics.
