Hacker hacked Zeed’s DeFi protocol but didn’t get $1 million
- April 22, 2022
- 0
An unknown person exploited a vulnerability in the BNB Chain-based Zeed DeFi protocol, but did not withdraw $1 million. 1/ What if the rewards could be tripled? Our
An unknown person exploited a vulnerability in the BNB Chain-based Zeed DeFi protocol, but did not withdraw $1 million.
1/ What if the rewards could be tripled?
Our system has detected an attack process (https://t.co/xk8Tet2o0Q) on it that exploits the bounty distribution vulnerability in ZEED: #BSC.@zeedcommunity @defiprime
— BlockSec (@BlockSecTeam) 21 April 2022
The hacker issued additional tokens of the YEED project and sold them on the market. The price of the coin dropped to zero.
#PeckShieldWarning #slip $YEED -100% down https://t.co/HZ1UIAVQas @zeedcommunity pic.twitter.com/SZ89etc1t7
— PeckShieldAlert (@PeckShieldAlert) 21 April 2022
The attacker destroyed the smart contract used in the exploit. As a result, assets are blocked.
interesting. The hacker kills the contract, but forgets to transfer the profit. https://t.co/HbS2fiztuc https://t.co/uApZyK8Uym pic.twitter.com/FwpZweNLHU
— Peck Shield Inc. (@peckshield) 21 April 2022
“Interestingly, the attacker did not transfer the tokens received before the contract self-destructed. He was probably very excited,” BlockSec experts suggested.
4/ interestingly, the attacker does not transfer the tokens obtained before the attack contract self-destructs. He was probably very excited 🙂
— BlockSec (@BlockSecTeam) 21 April 2022
Recall that in the first quarter of 2022, as a result of the actions of hackers and scammers, crypto projects lost more than $ 1.22 billion.
Up to 99% of the losses were related to software exploits, including the biggest Wormhole and Ronin hacks since the beginning of the year – $319 million and $625 million respectively.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
