Altcoin project hacked: 136,000 tokens withdrawn in seconds ⚠️

Events Under the Spotlight

IDO projects Rug Pulled on BSC, estimated loss — $2.6M

• IDO projects, namely “HarmonyPAD, HbarPad, MetaPlay, Electrinity, MicroPee and QuizDrop” were rugged on BSC.
• Total loss — $2.6 Million in 5,744 WBNB.
• Scammers used infamous Tornado Cash to perform the scam.

Project listed on Solanart rug pulled community

• Solanart is the largest Solana-based NFT marketplace.
• It listed Big Daddy Ape Club (BDAC), and the project shortly rug pulled the community by ‘secretly’ stealing SOL in the background.
• BDAC project deleted their social channels but the website is live at the time of writing.
• According to the intelligence, approximately 9,000 SOL were stolen amounting to $1.2 Million.
• The scammer wallet was funded using Binance exchange.

NFT marketplace ‘LooksRare’ suffered DDoS attack

LooksRare, a new NFT marketplace, suffered a DDoS attack and went offline.

A Hot Wallet Security Breach that led to a loss of — $18M

• Lympo NFT platform is a sports NFT minting platform by Animoca Brands.
• The platform suffered a hot wallet security breach with several tokens.
• The platform lost $18 Million in the native LNT token.
• According to the official statement, ten hackers managed to gain access to Lympo’s operational hot wallet.
• After which, they “stole a total of approximately 165.2 million LMT from it.”
• At the time of writing, ten projects have been compromised.
• Project’s cold wallets, where the majority of the tokens are stored, remain secured.
• Subsequently, $LMK token price dropped to 92%.

LCX’s Hot Wallets compromised, loss — $6.5M

• LCX is a centralised cryptocurrency exchange.
• Recently, it reported that their hot wallets were hacked.
• The stolen assets include ETH, USDC, LCX, etc.
• Total loss is $6.5 Million.

Altcoin project hacked: 136,000 tokens withdrawn in seconds

• Due to a vulnerability in the Roco Stake and Farm contracts, the attacker instantly changed the value of the “RocoPerSecond” variable.
• It was done in the Stake and Farm contract with the bot he created.
• Hacker obtained tokens by changing and calculating the reward value.
• He simply transferred the “Total Rewards” balances in the contract.
• It was stated that the tokens of all ROCO investors and stakers are safe.

Potential exploit discovered in DeFi Dollar’s contracts

DeFi Dollar Finance, a multi-chain DeFi protocol, discovered a potential exploit in the $DUSD smart contract and immediately paused the contracts.

Polygon’s Discord bot impersonated

• Polygon (Previously Matic) Discord server bot was hacked to impersonate the official Matic team.
• It was done to make a scam announcement to receive a special giveaway from the Matic team.
• The bot was later fixed.

To the Numerophiles out there 🔢

• Crypto Security is the Biggest Concern for Institutional Investors.

Source

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