decentralized exchange (DEX) Clipper has clarified that there is a loophole in its withdrawal function, which led to a recent hack of its protocol resulting in a loss of $450,000, rather than the "third party" claim of private key leakage.
Clipper stated in a post on December 1 that attackers used two liquidity pools, locking up about 6% of the total value. It added that no other pools were affected and the loophole has been resolved.
Clipper wrote: "A third party claimed there was a private key leak issue. We can confirm that this is not the case and is inconsistent with Clipper's design and security architecture."