CoW Swap halts trading after front-end hack threatens user funds on Ethereum DEX

CoW Swap, an Ethereum-based decentralized exchange, shut down operations on April 14 after hackers compromised its front-end interface, risking user transactions being redirected to attacker wallets. The exchange quickly froze all trading and launched an emergency investigation, confirming that core smart contracts and user funds were not directly affected. CoW Swap's team is conducting a full security audit and working with external experts before resuming operations, prioritizing user safety amid growing concerns over DeFi platform vulnerabilities. The incident has sparked wider industry security reviews and regulatory calls for stronger safeguards in decentralized finance.