1 year ago
A crypto wallet suspected to beryllium tied to the exploit shows it gained implicit $1 cardinal successful SOL and UDSC since the attack.
513 Total views
5 Total shares
Solana-based decentralized futures speech Cypher Protocol halted its astute declaration aft an estimated $1 cardinal exploit.
On Aug. 7, Cypher alerted its 13,500 followers connected X (formerly known arsenic Twitter) that it had experienced a information incidental and had frankincense frozen its astute contract.
The squad added it is investigating the origin of the exploit and has reached retired to the hacker to negociate a imaginable instrumentality of stolen funds.
Cypher has has experienced an exploit/security incident. The astute declaration has been frozen.
The squad is presently moving with individuals and investigating
To the hacker: We are penning to spot whether you would beryllium unfastened to speaking with america astir immoderate imaginable adjacent steps.
According to data from Solana blockchain explorer Solscan, the wallet suspected to beryllium tied to the exploit stole astir 38,530 Solana (SOL) tokens arsenic good arsenic $123,184 USD Coin (USDC) — netting a full of $1,035,203 successful illicitly gained funds.
Total equilibrium of stolen funds successful the Cypher attackers' wallet. Source: SolscanIn the hours pursuing the exploit, the alleged wallet transferred 30,000 USDC to Binance’s Solana USDC code “kiing.sol” successful a imaginable effort to currency retired the stolen funds.
The alleged hacker transferred 30,000 USDC to Binance. Source: SolscanSince the exploit, a fig of NFTs person been sent to the wallet requesting the instrumentality of the funds.
"Seriously though, you utilized Binance and KuCoin to money and to effort and get 30k out. People volition find you. Please bash the close happening and springiness the remainder back," read 1 NFT.
Another NFT-based message to the attacker was much curt, simply penning "give it backmost you shitlord."
Related: ‘All funds are astatine risk' — Steadefi exploited successful ongoing attack
At the clip of publication, the alleged hacker has yet to span immoderate Solana-based funds to the Ethereum network.
The onslaught comes amid Cypher Protocol’s mtnDAO hacker location event, which it co-hosts with chap Solana protocol Marginfi. Marginfi wrote successful its Telegram that it remains autarkic from Cypher and had not been impacted by the attack.
Cointelegraph has reached retired to Cypher Protocol for much details but did not person an contiguous response.
Deposit risk: What bash crypto exchanges truly bash with your money?
English (US) 