Security breach details: On December 9, 2023, 1INCH faced a security breach where attackers gained unauthorized access to the private key of the Resolver smart contract. This access enabled them to alter contract settings unlawfully, risking funds from the platform.
Response to breach: The 1INCH team acted quickly to revoke the compromised access and implemented additional security protocols. They assured users of the safety of their funds, as the non-custodial nature of the protocol protects assets effectively despite the breach.