Hacker Fails To Take $1 Million Loot After Exploiting DeFi Protocol
A curious thing occurred today in the DeFi ecosystem when a little theft occurred – and the hacker failed to make off with the stolen cash.
The flaw was discovered in Zeed, a lesser-known DeFi protocol that bills itself as a “independent decentralized financial integrated ecosystem” based on BNB Chain.
The protocol was attacked around 7.15 a.m. UTC, with extra awards being minted. The token’s price plummeted to zero after the awards were sold on the market.
The hacker then destroyed DeFi the contract that was used in the exploit
According to security specialist PeckShield, this meant that any tokens owned by the contract could no longer be moved.
PeckShield observed, “The hacker terminates the contract but forgets to send the profit.”
BlockSec, a blockchain security firm, adds, “Surprisingly, before self-destructing the attack contract, the attacker does not transfer the tokens gained. He/she was probably overjoyed.”
It’s unclear what may have stopped the hacker from stealing the tokens.
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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Hacker Fails To Take $1 Million Loot After Exploiting DeFi Protocol
A curious thing occurred today in the DeFi ecosystem when a little theft occurred – and the hacker failed to make off with the stolen cash.
The flaw was discovered in Zeed, a lesser-known DeFi protocol that bills itself as a “independent decentralized financial integrated ecosystem” based on BNB Chain.
The protocol was attacked around 7.15 a.m. UTC, with extra awards being minted. The token’s price plummeted to zero after the awards were sold on the market.
The hacker then destroyed DeFi the contract that was used in the exploit
According to security specialist PeckShield, this meant that any tokens owned by the contract could no longer be moved.
PeckShield observed, “The hacker terminates the contract but forgets to send the profit.”
BlockSec, a blockchain security firm, adds, “Surprisingly, before self-destructing the attack contract, the attacker does not transfer the tokens gained. He/she was probably overjoyed.”
It’s unclear what may have stopped the hacker from stealing the tokens.
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 CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Annie
CoinCu News
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