Wu said that, according to the official blog, 1inch disclosed that it discovered a security vulnerability on December 9, where attackers fraudulently gained access to the private keys belonging to the owner of the 1inch Labs parser smart contract. The attackers used this access to change the contract's settings and transferred funds out of the 1inch parser. 1inch stated that its team quickly took action to resolve the issue. The loss was approximately $250,000. 1inch indicated that user funds are safe, and the 1inch application and infrastructure are unaffected and remain completely secure.