Scam Alert

FriesDAO Wallet Was Hacked For A $2.3 Million Exploit

An anonymous attacker stole $2.3 million in tokens from FriesDAO, a decentralized autonomous organization. This comes after a rush of hacks and vulnerabilities this month, which appears to be a particularly awful month for cryptocurrency initiatives.
FriesDAO Wallet Was Hacked For A $2.3 Million Exploit 2

The hacker gained access to FriesDAO’s deployer wallet and transferred a huge sum of FRIES, the project’s governance tokens, into their own. Using their access to the deployer wallet, the culprit also siphoned additional tokens from a staking pool.

According to security company CertiK, the stolen tokens were sold for $2.3 million in stablecoins held at the hacker’s address.

The deployer wallet for FriesDAO was created with Profanity, a wallet-generator program known to have a major vulnerability.

Last month, security experts at 1inch discovered that malevolent hackers might compute the private keys of vanity addresses issued by Profanity to steal cash. Following 1inch’s publication, hackers used the vulnerability to steal $160 million in crypto assets from Wintermute.

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.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

55 seconds ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

6 minutes ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

14 minutes ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

2 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

2 hours ago

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

3 hours ago

This website uses cookies.