April 22, 2025
Blockchain

Music-focused Blockchain Project Audius Also Hacked Victim: $6 Million Stolen

  • July 25, 2022
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Cryptocurrency markets and crypto projects have recently been targeted by malicious people. Previously, hundreds of millions of dollars were stolen from Axie Infinity and pNetwork came forward with

Music-focused Blockchain Project Audius Also Hacked Victim:  Million Stolen

Cryptocurrency markets and crypto projects have recently been targeted by malicious people. Previously, hundreds of millions of dollars were stolen from Axie Infinity and pNetwork came forward with the theft of $12 million in Bitcoin.

Decentralized Music Protocol Audius, which appeared as While $6 million tokens were stolen from the platform, hackers were able to get their hands on $1.1 million due to slippage. The statement on the subject came from a security company.

Security company announced

audius

CertiK Blockchain security firm called Audius has changed some configurations in its management system. So they managed to carry out the robbery. in the municipal treasury 18 million The hacker made an offer to transfer the AUDIO token to his account and then approved it, draining the organization’s treasury.

As a result of the attack, the hacker sold the cryptocurrencies he had been given. from 705 ETH had an unfair advantage. While the AUDIO value at the time of the incident was approximately $6 million, slip This allowed the hacker to get hold of a much lower amount than this figure.

Audis While his team made a statement about the incident, they stated that they discovered the problems in the network security channels. The company, which disabled smart contracts for a while, said the issue was resolved at 12:05 AM Turkish time and AUDIO token It is fully functional again.

Source: Web Tekno

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