Woofun AI reports that mySwap, an automated market maker within the Starknet ecosystem, disclosed a critical security incident involving its centralized liquidity protocol. The exploit resulted in the depletion of nearly all remaining liquidity, affecting residual funds distributed across more than 100,000 LP positions, as the user interface had not accepted new deposits for over six months.

Following the extraction of assets, the attackers executed cross-chain transfers and employed the privacy protocol Railgun to obscure transaction traces, effectively hiding the destination of the stolen funds. mySwap is currently conducting a detailed investigation into the vulnerability and assessing appropriate remediation steps.