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Poolz Finance Hacked Causing POOLZ 90% Off and Losing About $500,000

Key Points:

Poolz Finance’s LockedDeal contract on the ETH, BSC and Polygon chains was hacked, causing approximately $500,000 in damage.
Before that, suddenly discovered the POOLZ token suddenly dropped by 90%.
Users need to increase vigilance to protect their assets.
The project has not yet confirmed the attack.

According to the security risk monitoring, early warning and blocking platform Beosin EagleEye by blockchain security audit firm Beosin, Poolz Finance – related token $POOLZ has plummeted by 90%. The token has suddenly plummeted from $4.1 to $0.47 at the moment.

24h POOLZ price chart. Source: CoinMarketCap

The Beosin security team is monitoring the analysis and investors are reminded to pay attention to the safety of their funds.

“The LockedDeal contract of Poolz Finance on ETH, BSC and Polygon was attacked for ~ $500,000.”
The tweet wrote.

According to security risk monitoring by Beosin EagleEye, a subsidiary of blockchain security auditing firm Beosin, Poolz Finance’s LockedDeal contract on the ETH, BSC, and Polygon chains was hacked, causing approximately $500,000 in damages.

The attacker called the vulnerable function CreateMassPools in the LockedDeal contract and triggered the integer overflow vulnerability in the _StartAmount parameter.

In addition to obtaining a large number of poolz tokens, the attacker also received other tokens, and please be vigilant in related projects.

The project has not yet confirmed the attack.

Poolz Finance is a swap protocol that allows startups and project owners to auction their tokens for increased liquidity. As the blockchain-crypto community moves closer to absolute decentralization, Poolz empowers innovators in the pre-listing stage, bringing them closer to early-stage investors.

On July 23, 2021, Poolz Finance is pleased to announce that it will launch its first risk-free IDO model. This new model will allow investors to claim 100% of their funds back within 24 hours after the token listing of each project that has conducted an IDO on Poolz.

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

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