PANews reported on December 12 that, according to the official blog, 1inch disclosed that it discovered a security vulnerability on December 9, allowing attackers to fraudulently gain access to the private key 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 from the 1inch parser. 1inch stated that its team acted quickly to resolve the issue, the attackers revoked the stolen access, and 1inch strengthened its security measures to prevent similar incidents in the future. 1inch said: 'Since our protocol is non-custodial, user funds are safe. The 1inch application and infrastructure are unaffected and remain completely secure.'