- Filament DEX lost over 572,000 dollars after attackers exploited its order book and self-liquidation system.
- The platform paused all trading and teamed up with experts to track and recover the stolen funds.
- Crypto platforms face rising risks as self-liquidation exploits continue to target DeFi exchanges.
Filament, a decentralized exchange on the Sei blockchain, has been struck by a significant exploit. Attackers managed to drain approximately $572,000 by manipulating the platform’s order book system. The incident unfolded between 12:00 AM and 4:00 AM UTC on April 6, raising fresh concerns over vulnerabilities in decentralized finance platforms.
Before the attack, Filament held around $680,000 in user deposits. Once the breach was detected, the platform quickly paused all trading and withdrawals. This prompt action aimed to prevent further losses and secure remaining funds. Filament has since launched an in-depth investigation, working with law enforcement and blockchain security experts to trace the stolen assets.
The attack centered on the use of large orders and self-liquidation tactics across multiple accounts. By manipulating prices, attackers successfully withdrew funds from the exchange. Investigators found that the stolen funds were funneled through the Symbiosis Bridge. A significant portion then moved into exchanges, with most flowing through FixedFloat.
Response Efforts Underway to Recover Stolen Funds
Filament has taken immediate steps to assist in fund recovery. The platform has shared all related wallet addresses and transaction details with authorities and forensic teams. These actions aim to track the money trail and improve the chances of recovering user funds.
To encourage the exploiter’s cooperation, Filament has offered a 10% bounty worth about $57,000. The platform left the offer open for negotiation, provided the attacker returns the remaining funds and fully cooperates. Investigators continue to monitor movements linked to the stolen assets, hoping to intercept them before they become untraceable.
The platform’s leadership confirmed that a full report is in progress. They are preparing a step-by-step recovery process for affected users, especially those involved in the COMB Pool. This plan aims to return as much as possible to liquidity providers once the situation stabilizes.
Crypto Platforms Face Growing Threat of Self-Liquidation Exploits
This exploit adds to a troubling trend in the crypto space. Self-liquidation vulnerabilities continue to expose decentralized exchanges to severe risks. Oak Security’s recent findings warned that many platforms remain at risk due to flaws in trading mechanisms.
Earlier, on March 26, another decentralized exchange, Hyperliquid, suffered a $10.63 million loss from a similar self-liquidation exploit. According to Immunefi’s Q1 2025 report, crypto hacks have already cost $1.64 billion this year. DeFi protocols accounted for $106.8 million of these losses, while centralized platforms faced even larger impacts, losing around $1.5 billion in just two breaches.
