The Official Trading Market Of TreasureDAO Has Been Halted Due To The Vulnerability

TreasureDAO, the largest marketplace for non-fungible tokens (NFTs) on the Arbitrum blockchain, has discovered a bypass. Co-founder John Patten verified the vulnerability in a tweet today.

He confirmed the exploit by saying that:

“Treasure marketplace is being exploited. Please delist your items. We will cover the costs of the exploit—I will personally give up all of my Smols to repair this. I cannot fathom what subhuman targets a fair launch marketplace for robbery, but they will not defeat the community.”

Earlier Wednesday, the platform instructed users to “delist everything” via messages posted on its Discord channel. The marketplace had been suspended shortly after the notice was issued. Its representatives then claimed that they thought they had discovered the issue. The news infuriated Treasure users, who turned to social media to warn others.

Until yet, the exact scale of the exploit and which things were stolen are unknown. A blockchain address linked with the hacker, shared by Twitter sleuths, does, however, provide some hints. According to the indications in his tweet, the hacker received the parts without having to pay anything.

The address revealed by sleuths tweet appears to show that 17 Smol Brains, arguably the most popular NFTs sold on Arbitrum, were stolen. The total worth of these items, based on their reported pricing on the Treasure platform, is 426,511.38 in MAGIC, Treasure’s native token, or roughly $1.4 million at current rates.

The project team is presently working to resolve the issue and promises to give solutions to anyone who are affected. As a result, the price of TreasureDAO’s ecological Token MAGIC fluctuated, dropping 12.09% in 24 hours.

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Patrick

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