CoW Swap Exploited, Over 110,000 $DAI Transferred from Its Contract Address

According to PeckShield, it seems that the decentralized trading protocol CoW Swap has been exploited. CoW Swap's GPv2Settlement contract has been tricked 10 days ago to approve SwapGuard for $DAI spending and SwapGuard was just triggered to transfer out $DAI from GPv2Settlement. According to the on-chain data, over 114,000 $DAI have been transferred from its contract address.

According to TokenInsight data, CoW Swap ($COW) dropped 12.68% in the last hour, trading at $0.082232 now.