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Malicious bad guys have once again defiled the good names in digital space. This time around, a malicious hacker is used to eject $ 18.5 million of AUDIO ($ 5.8 million) tokens from a treasure trove of Web3 streaming platforms. Auditius..
A sneaky attack took place on July 23, exploiting vulnerabilities in governance, staking, and delegation contracts. However, Audius has revealed that it has closed the exploit and secured the remaining assets.Nevertheless, it also takes precautions to protect it from everything. Malicious code The attacker may have left it behind.
A post-mortem analysis of this weekend’s attack has been released. https://t.co/aPUv2fPUm7
highlight:
An abuse of the contract initialization code that allows repeated invocations of the “Initialize” function compromised the audited contract.Audius (@AudiusProject) July 25, 2022
Following a sneaky robbery, a crypto detective discovered what the criminal had Exchanged tokens for 705ETH ($ 1 Million) Use the Uniswap protocol to set up a lowball offer to guarantee your transactions. After that, unwelcome hackers poured in fraudulent funds through private trading tools, hiding further movements from the careful eyes of the Web3 community.
Immediately after the hack, Audius conducted a thorough investigation of the event that occurred, focusing on the damage that occurred, the reason behind the theft, and the solutions needed to prevent a recurrence. However, in the future, great care will be required to protect the platform from these unwelcome impersonators.
Read the full report >> here
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* All investment / financial opinions expressed by NFT Plaza are from the site moderator’s personal research and experience and are intended as educational material only. Individuals need to thoroughly investigate every product before making any kind of investment.
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