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Home»Scams»Telegram Game on Brand-New Ethereum Layer-2 Scaler Blast Exploited for $4,600,000 in Reported White Hat Hack
Telegram Game on Brand-New Ethereum Layer-2 Scaler Blast Exploited for $4,600,000 in Reported White Hat Hack
Scams

Telegram Game on Brand-New Ethereum Layer-2 Scaler Blast Exploited for $4,600,000 in Reported White Hat Hack

2024-03-22No Comments2 Mins Read
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An unknown entity has exploited a Telegram-based recreation that runs on the newly launched Ethereum (ETH) layer-2 scaling resolution Blast Community.

In a submit on social media platform X, the crew behind the sport Tremendous Sushi Samurai (SSS) says token transfers are paused after an attacker exploited a vulnerability that enables exploiters to double their tokens by transferring their holdings to themselves.

“We now have been exploited, it’s mint associated. We’re nonetheless wanting into the code. Tokens have been minted and bought into the LP.”

In response to safety agency CertiK, $4.6 million price of tokens have been affected by the assault. It seems although that the incident is a white hat rescue.

Image
Supply: Certik/X

In a white hat rescue, the hacker exploits a protocol to indicate that the challenge has a vulnerability. SSS says it has already communicated with the exploiter.

“We’re working with the white hat on the protected return of funds. An replace and autopsy will observe.”

Blast, which launched its mainnet a number of weeks earlier, has additionally been dealing with criticism from the crypto group. In November, Polygon Labs developer relations engineer Jarrod Watts warned in regards to the dangers of the platform.

“By sending cash to the Blast contract, you’re mainly trusting 3-5 strangers to stake your funds for you. You received’t have the ability to withdraw that cash at any time limit until these 3-5 folks resolve to do the precise factor sooner or later. Once more, there’s no bridge right here.”

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