USPD.io Exploit Results in $1 Million Loss, Users Urged to Revoke Token Approvals

USPD.io has suffered a security breach resulting in an estimated $1 million loss, according to a report by PeckShield. The exploit has prompted warnings for users to revoke all token approvals to the USDP contract to prevent further unauthorized transactions. The incident highlights ongoing vulnerabilities in the DeFi space, urging users to take immediate action to secure their assets.