top-crypto-news.org
No Result
View All Result
  • Home
  • Bitcoin
  • NFT
  • DeFi
Bitcoin ticker
Bitcoin
$30646
BTC
Ethereum ticker
Ethereum
$2090.54
ETH
BNB ticker
BNB
$307.63
BNB
Cardano ticker
Cardano
$0.583219
ADA
Solana ticker
Solana
$56.5
SOL
Bitcoin ticker
Bitcoin
$30646
BTC
876.57
Ethereum ticker
Ethereum
$2090.54
ETH
79.26
BNB ticker
BNB
$307.63
BNB
13.14
Cardano ticker
Cardano
$0.583219
ADA
0.019
Solana ticker
Solana
$56.5
SOL
3.14
  • Home
  • Bitcoin
  • NFT
  • DeFi
No Result
View All Result
top-crypto-news.org
No Result
View All Result
top-crypto-news Curiosities

Hacker exploited DeFi protocol for $1 million, but forgot to take the loot with him

Alex Coin
April 24, 2022
Reading Time: 3 mins read
0
payaso-unsplash

Did he forget to collect the profit or was it part of an elaborate scheme? It will dawn, but we won’t know for sure. Anything is possible at DeFi.

RELATED POSTS

Japanese bank Nomura launches unit to open doors to cryptocurrency, DeFi and NFT investments

DEI, the DEUS Finance stablecoin, also fails to hold its USD $1 level and falls 30%.

¿Mal momento? Justin Sun invita a seguidores depositar USDD en JustLend y derivar altos rendimientos con la stablecoin

***

Another day at DeFi, another day of fun for the hackers .

A little-known decentralized finance protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. (DeFi) called Zeed was under cyber attack this week. However, a curious thing happened: after carrying out the exploit, the hacker seems to have forgotten to take the loot with him, or was it part of a carefully planned strategy? The mediaThe Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. first reviewed.

The platform a place to buy, sell and store cryptocurrency Zeed based on BNB Chain (formerly Binance Smart Chain , BSC), was the victim of a cyber attack on Thursday, according to the blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. firm, BlockSec, que reported the incident via Twitter. Reports stated that the attack occurred when a malicious actor compromised a vulnerability in the protocol’s bounty a cryptocurrency bounty is a reward users receive for performing tasks assigned by a given blockchain or project. minting system.

El trick would have allowed the attacker to access just over $1 million in cryptocurrencies . However, it seems that before transferring the profit, he destroyed the contrato inteligente which gave access to the funds.

“Interestingly, the attacker does not transfer the tokens obtained before self-destructing the attack contract. Probably, he was too excited.” , noted the team of BlockSec . The analysis firmBlockchain, PeckShield also noticed the peculiar event.

Interesting. The hacker kills the contract, but forgets to transfer the profit.

Interesting. The hacker kills the contract, but forgets to transfer the profit. https://t.co/HbS2fiztuc https://t.co/uApZyK8Uym pic.twitter.com/FwpZweNLHU

— PeckShield Inc. (@peckshield) April 21, 2022

It is unknown whether the malicious actor experienced any difficulty a measure of how hard it is to validate a new block on a blockchain. in accessing the funds, or whether he simply forgot to do so in the excitement of the moment, as the researchers implied. Although the possibility cannot be ruled out that it was a feat of “malicious” behavior, it is not known whether the malicious actor experienced any difficulty in accessing the funds. white hat “to expose the vulnerability of the protocol.

The truth is that, among the eventualities of the DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. world, this attack is particularly curious. The funds obtained are now out of reach of anyone, even the project developers, after the destruction of the contract.

Meanwhile, the YEED token, linked to the DeFi project in question, fell to zero after the attack. The cuenta de Twitter of the community of Zeed a protocol that is presented as a “ autonomous decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. financial integrated ecosystem “The company did not provide any information about what happened and did not answer the tweets of the security firms that alerted about the attack.

The price of the YEED token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. plummeted after the events – Image shared by PeckShield’s Twitter account an account is essentially a whose purpose is to track the financial activities of a specific asset/

  • Among the biggest crypto billionaires? Hacker claims 170,000 bitcoins fortune
  • U.S. government warns North Korean hackers are targeting crypto firms
  • Poly Network a network refers to all nodes in the operation of a blockchain at any given moment in time. hacker returns 55% of funds and answers hacking hacking is the process of using a computer to manipulate another computer or computer system in an unauthorized fashion. details

Article by Hannah Estefania Perez / DiarioBitcoin

Imagen de Unsplash

ShareTweetPin

Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

Related Posts

open door
Banking and Payments

Japanese bank Nomura launches unit to open doors to cryptocurrency, DeFi and NFT investments

May 17, 2022
dolar-unsplash
DeFi

DEI, the DEUS Finance stablecoin, also fails to hold its USD $1 level and falls 30%.

May 17, 2022
Defi Unsplash
DeFi

¿Mal momento? Justin Sun invita a seguidores depositar USDD en JustLend y derivar altos rendimientos con la stablecoin

May 14, 2022
teclas-unsplash
Curiosities

Typo makes $36 million in cryptocurrencies inaccessible

May 8, 2022
DeFi

Fei Protocol team offers $10 million USD “no questions asked” to hacking culprits if they return funds

May 3, 2022
snowden-unsplash
Cryptocurrencies

Edward Snowden and Julian Assange participated in the creation of privacy-focused cryptocurrency Zcash

April 29, 2022
Next Post
multiverso

From perfumes to medicines to mouthwash: all the common things that register in the metaverse.

central african republic

Central African Republic adopts Bitcoin as payment currency, says Forbes, other media report it only regulated market

Bitcoin news

fallen

Bitcoin plummets 17%, other cryptocurrencies fall, El Salvador takes advantage to buy BTC

December 4, 2021
inflacion-unsplash

U.S. inflation rate highest in 39 years, crypto market jumps modestly

December 10, 2021
stop

SEC formally rejected Bitcoin ETF application filed by WisdomTree

December 3, 2021
top-crypto-news.org

Recent Posts

  • Spotify tests NFTs and Morgan Stanley suggests sector could be next to fall after UST
  • Investor who lost $2 million in Terra broke into Do Kwon founder’s home
  • NASDAQ announces partnership with XP to launch new Bitcoin exchange in Brazil

© 2021 top-crypto-news.org

No Result
View All Result
  • Home

© 2021 top-crypto-news.org