Developers urge any current and previous users to <a href="https://allowancescan.io/" rel="noopener noreferrer nofollow">revoke contract approvals</a> as a security measure. SingularityDAO&#39;s ASI migrator smart contract was exploited early this morning, and is still going, developers said in a tweet.The exploit specifically involves the &#34;Approve&#34; function, which means that any past interaction with the ASI migrator carries a risk of financial loss since migration needed an unlimited allowance.&#34;It seems the SingularityDAO migrator contract contact has an approve-related bug, which has led so far to the loss of &gt;$37M,&#34; security firm PeckShield flagged during Asian morning hours. ASI developers later confirmed the exploit.DefiLlama developer &#64;0xngmi, who is also pseudonymous, warned that the exploit seems to affect both past and future transactions on the contract. He advises revoking approvals immediately.<h2 id="header-0"><a href="https://allowancescan.io/" rel="noopener noreferrer nofollow">Revoke Approvals using Etherscan&#39;s Revoke Approval app.</a></h2>Meanwhile, SingularityDAO security head engineer Ahmed Ali asked users to revoke permissions related to the involved contracts as a security measure, adding the team was &#34;working with security teams to mitigate the issue.&#34;

LIVE: ASI exploit ongoing; so far over $37m of user wallets have been drained

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