Celer Network Has DNS Attack, Estimated Damage $240,000

Celer Network has reported a DNS attack of its cBridge UI. After the investigation platform clarified the incident, the damage was estimated at $240,000.

Celer has received a lot of feedback from the community about an ongoing DNS attack on cBridge’s user interface. While investigating, the platform determined the attack took place between August 17 07:45 PM to 10:00 PM UTC caused some users to be redirected to malicious smart contracts that can drain all approved token amount.

After a preliminary investigation, the project team located the smart contracts used by the attackers. When interacting with these contracts, the user is asked to “approve” a transaction that will transfer all the funds in the wallet.

The community also quickly found out the attacker’s wallet address. It is estimated that this wallet has stolen a total of 128 ETH, equivalent to $240,000. All the money goes to the Tornado Cash mixer to remove traces.

The CELR price has dropped about 6.5% in the last 24 hours, trading around the $0.020 mark.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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