ZB.com Crypto Exchange Exploited for $4.8m
Summary:
- A hacker has exploited ZB.com’s hot wallet for approximately $4.8 million.
- The funds stolen were in the form of 20 different tokens.
- The attacker has since sold the crypto on decentralised exchanges.
- ZB.com had yesterday halted withdrawals.
The ZB.com crypto exchange is the latest victim of an attack that has resulted in the loss of $4.8 million in digital assets.
According to the team at WuBlockchain, the exploit targetted ZB.com’s hot wallet with funds being siphoned off in 20 different tokens. The stolen digital assets have since been sold on several decentralised exchanges.
PeckShield’s Breakdown of the Stolen Assets.
The team at PeckShield has since tabulated the tokens stolen and the corresponding value of each. They have shared their analysis in the tweet below.
The attacker Sold Some of the Stolen Tokens for an Initial 2,224 Ethereum.
On-chain data shows that the tokens sold on the various decentralised exchanges on Tuesday netted the attacker 2,224 Ethereum ($3.6million).
The attacker then moved the funds to an Ethereum wallet address where the proceeds of the attack reside at the time of publishing. This wallet has since been labelled ZBExchange Hacker 2 after the exchange reported the incident.
Another Ethereum wallet, ZBExchange Hacker 1, holds another estimated $1 million worth of digital assets in 5 different tokens.
ZB.com Had Earlier Halted Withdrawals.
News of the exploit on ZB.com’s hot wallet comes less than a day after the exchange had halted deposits and withdrawals.
The team at ZB.com notified customers that the sudden restrictions on deposits and withdrawals were ‘due to the sudden failure of some core application.’ They added that they were troubleshooting the problem and apologised for any inconvenience caused.
The ZB.com team is yet to update on the situation at the exchange.
Thousands of Solana Wallets Experienced a $4.5 Million Exploit Today.
The ZB.com exploit discovery was made on the same day the crypto-verse was dealing with another $4.5 million exploit affecting thousands of Solana wallets.
The Solana exploit was identified late yesterday, with the attackers taking SOL, USDC, and other Solana-based tokens, from approximately 8,000 wallets.
The Solana team of engineers is currently investigating the root cause of the hack and will update the community as soon as it is identified. So far, they believe the hack is not associated directly with the Solana core code but with the software used in several soft wallets.
~ By John P Njui ~