US Senator Lummis: The Clarity Act rejected by Democrats had empowered the Treasury to combat money laundering through offshore exchanges
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0x Reports High Incidence of Malicious Hooks in Uniswap v4
0x, a decentralized trading infrastructure, has reported that it has facilitated 81.92 million transactions this year, amounting to a trading volume of approximately 4.267 billion USD, with around 70% of these transactions involving Uniswap liquidity. The company has raised concerns over a significant increase in malicious hooks within Uniswap v4, which can mislead users by quoting one price during requests and settling at another, ultimately profiting from the deception of aggregators, wallets, and trading applications.
An analysis conducted by 0x examined 84,163 hooks across six blockchain networks, revealing that only 19.4% of these hooks are deemed safe. In contrast, 54.2% were classified as malicious, while 26.4% were considered potentially malicious. Transactions that utilize these malicious hooks can result in users receiving amounts that are up to 50% less than what was initially quoted, posing a serious risk to traders.
Specific examples highlighted include hooks from the Base chain ETH/NVDAc pool, which have accrued fees of approximately 143,000 USD, and hooks from the BNB chain USDT/WBNB pool, which have gathered around 18,600 USD. In response to these findings, 0x has emphasized the need for routing parties to ensure that quoted amounts align with actual execution outcomes, and has called for applications to enhance their capabilities in swiftly identifying and eliminating suspicious routes. Additionally, users are advised to remain vigilant, as optimal quotes are only beneficial when the routing is secure.
Source: KLEA News