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

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.

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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.

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Article by Hannah Estefania Perez / DiarioBitcoin

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