Odaily Planet Daily reported that MonoSwap disclosed the details of the phishing attack on the X platform, saying that a MonoSwap developer installed a web "phishing" application to join a call with a scammer pretending to be a VC. The attacker installed a botnet into the developer's office PC, which had access to all MonoSwap-related wallets and contracts. The hacker then withdrew most of the pledged liquidity positions, causing damage to the protocol.