Bscex SwapX Contract Scandal: $7.8M Stolen and 34,000 Addresses at Risk

Key Points:

• LaunchZone’s Bscex SwapX early contract has a major loophole, which has led to hackers stealing over $7.7 million of funds.
• Users who ratified contracts early are at risk, and one particular address, 34065, is in danger. Scam Sniffer has advised users to check their authorization and revoke it as soon as possible to avoid any further loss.
• Many users did not cancel their authorization, and hackers are continuing to monitor these wallet addresses. As a result, many wallets with authorization risk are at risk of being stolen.

LaunchZone’s Bscex SwapX early contract has been found to have a loophole, which has resulted in a massive loss of funds. The amount of money stolen so far stands at a staggering $7,799,856.

The Scam Sniffer team, which has been closely monitoring the situation, was the one to reveal this information.

It has been discovered that users who ratified contracts early are at risk, and one particular address, 34065, is in danger. Scam Sniffer has advised users to check their authorization and revoke it as soon as possible to avoid any further loss. However, many users did not cancel their authorization, which has left their wallets vulnerable to theft.

Yu Xian, the founder of SlowMist, commented on the matter, stating that it is surprising that a project authorized by a wallet address 2 to 3 years ago still has vulnerabilities. Hackers have been monitoring these wallet addresses and exploiting the weaknesses in these projects. As a result, many wallets with authorization risk are at risk of being stolen.

The situation is quite alarming, and Scam Sniffer has urged all users to take immediate action to protect their funds. With the increasing number of cyber attacks, it is essential for users to stay vigilant and take proactive measures to safeguard their digital assets. Some steps that users can take include using strong passwords, enabling two-factor authentication, and regularly checking their accounts for any suspicious activity. It is also recommended that users keep up-to-date with the latest security developments and take action to stay informed about any new threats.

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

Annie

Coincu News