Ethereum News

Illuvium Team Drains sILV Uniswap Pool in Bid to Prevent Exploit Cash-Out

Warwick added on Discord that the team has “a backstop multisig that is able to mint in extreme circumstances.” The team used this multi-signature wallet, an address with specific in-protocol permissions that needs a majority of a group of signers to execute transactions, to mint tokens and sell them for ETH, rendering sILV worthless, as there is no ETH to swap the sILV for.

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