Crypto token launchpad Personnel Finance has misplaced $15.8 million in an exploit as it migrated to v3, despite an audit on the underlying contract.

In a tweet on Thursday, the platform stated that around $14.5 million tokens were exploited via the v2 to v3 contract.

“Now we acquire quickly paused all job via crew finance till we are certain this exploit has been remedied. All funds within the intervening time on Personnel Finance need to not at further danger of this exploit,” stated Personnel Finance.

On-chain prognosis from blockchain security firm PeckShield found that the quantity misplaced within the exploit became once nearer to $15.8 million. The exploiter in query reportedly tag the attacker handiest 1.76 ETH value around $1,600 on the time.

The attacker took support of a wrong migrate function to transfer precise Uniswap v2 liquidity to a new v3 pair that became once controlled by him. The skewed tag resulted in a spacious reward for the exploiter, stated PeckShield.

On the time of writing, the stolen funds are peaceful sitting within the wallet take care of that has now been labeled Personnel Finance Exploiter. These funds contain $6.43 million value of stablecoin DAI and $1.3 million value of ETH.

Personnel Finance has urged the exploiter to contact them for a bounty rate and has since contacted exchanges to forestall him from cashing in from the blacklisted take care of.

The platform joins a bunch of others that acquire found themselves victims of an exploit over the final few weeks. Earlier this month, Mango Markets misplaced $114 million via a market manipulation exploit, followed quickly by Moola Market that misplaced $8.4 million in a identical vogue.

A file from blockchain intelligence firm Chainalysis on Oct. 13 found that this month has been the splendid month for hacking job with over $718 million value of funds stolen from 11 different hacks.

“At this rate, 2022 will seemingly surpass 2021 as the splendid twelve months for hacking on file. To this level, hackers acquire grossed over $3 billion bucks across 125 hacks,” stated Chainalysis.