PANews October 30 news: 1inch posted on X platform that it is aware of the Binance exploit incident and is contacting the Binance team to offer support. The 1inch risk management team, in collaboration with ZeroShadow, SEAL 911, TRM Labs, and others, within the first hour after the incident, has blocked addresses related to the exploit in the 1inch dApp, 1inch Wallet, and 1inch API, and continues to add newly identified addresses, with the same list also being provided to resolvers and integrators.
1inch stated that some 1INCH tokens are among the stolen assets. 1INCH is a standard ERC-20 token with no freeze or blacklist functionality, so the stolen tokens cannot be frozen by anyone. 1inch said it will fully cooperate with Binance and law enforcement authorities in tracing and recovery efforts.