<ul><li>Hackers exploited a vulnerability in Fusion v1 smart contract, stealing over $5 million in assets.</li><li>The incident emphasizes the importance of upgrading to more recent and secure versions to prevent future security breaches.</li><li>1inch, a liquidity aggregator platform, was targeted in the attack, with hackers draining approximately $5 million worth of cryptocurrencies.</li><li>The attack serves as a reminder of the risks associated with outdated code in decentralized finance (DeFi) and the need for rapid updates to enhance security.</li></ul>

1inch Faces $5M Exploit After Hackers Target Fusion v1 Contract

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