On May 14, a hacker began draining funds from users on the decentralised exchange (DEX) Equaliser, stealing approximately 2,353 Equaliser DEX (CRYPTO:EQUAL) tokens and several others.

The Equaliser team quickly warned users to cease interactions with the platform.

The hacker’s wallet, active for 222 days, facilitated small, unnoticed transactions to siphon funds.

A fake Equaliser account further scammed users by offering false refunds.

The Equaliser team is investigating the exploit and advising users to revoke any recent approvals and avoid the main website until updates are made.