Olympus DAO Was Stolen $300,000, Then Returned It All Within Days
A white hat hack resulted in the withdrawal of $300,000 of Olympus DAO’s OHM tokens after a vulnerability was found in the project’s smart contract. However, this is just a white hat hacker because all the money went back to the DAO just a few hours later.
On October 21st, the leading rebase token project by market valuation, Olympus, suffered a hack that resulted in 30,437 OHM tokens from the DAO being stolen approximately $300,000.
Blockchain security firm Peckshield detailed that hackers found the vulnerability through the project’s “BondFixedExpiryTeller” smart contract parameter. The developers behind the Olympus rebase token project have validated the $300k loss reports through the project’s Discord channel.
“This morning, an exploit occurred through which the attacker was able to withdraw roughly 30K OHM ($300K) from the OHM bond contract,”
The Olympus DAO devs told the members of the Discord channel.
However, just a few hours later, OlympusDAO updated the community with even better news: all tokens were returned by the attacker.
The olympus (OHM) token is down around 1.2% after the hack and is being traded for just under $10 per unit. Currently, the price has shown signs of recovering back to $10.03, up 0.11% within 24 hours.
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
Foxy
CoinCu News
Author
Uncategorized
Olympus DAO Was Stolen $300,000, Then Returned It All Within Days
A white hat hack resulted in the withdrawal of $300,000 of Olympus DAO’s OHM tokens after a vulnerability was found in the project’s smart contract. However, this is just a white hat hacker because all the money went back to the DAO just a few hours later.
On October 21st, the leading rebase token project by market valuation, Olympus, suffered a hack that resulted in 30,437 OHM tokens from the DAO being stolen approximately $300,000.
Blockchain security firm Peckshield detailed that hackers found the vulnerability through the project’s “BondFixedExpiryTeller” smart contract parameter. The developers behind the Olympus rebase token project have validated the $300k loss reports through the project’s Discord channel.
“This morning, an exploit occurred through which the attacker was able to withdraw roughly 30K OHM ($300K) from the OHM bond contract,”
The Olympus DAO devs told the members of the Discord channel.
However, just a few hours later, OlympusDAO updated the community with even better news: all tokens were returned by the attacker.
The olympus (OHM) token is down around 1.2% after the hack and is being traded for just under $10 per unit. Currently, the price has shown signs of recovering back to $10.03, up 0.11% within 24 hours.
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
Foxy
CoinCu News
Other Posts
Related Posts
Latest
Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance
Press Release
Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance
New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot
