Hacker hacked Zeed’s DeFi protocol but didn’t take $1M
An unknown person exploited a vulnerability in the Zeed DeFi protocol based on BNB Chain, but did not withdraw funds for $1 million.
1/ What if rewards can be tripled?
Our system detected an attack transaction(https://t.co/xk8Tet2o0Q) that exploited the reward distribution vulnerability in ZEED on #BSC.@zeedcommunity @defiprime
— BlockSec (@BlockSecTeam) April 21, 2022
The hacker issued additional YEED project tokens and sold them on the market. The price of the coin collapsed to zero.
#PeckShieldAlert #slippage $YEED dropped -100% https://t.co/HZ1UIAVQas @zeedcommunity pic.twitter.com/SZ89etc1t7
— PeckShieldAlert (@PeckShieldAlert) April 21, 2022
The attacker destroyed the smart contract used in the exploit. As a result, the assets were 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) April 21, 2022
“Interestingly, the attacker did not transfer the received tokens before the contract self-destructed. He was probably too excited, ”BlockSec experts suggested.
4/ interestingly, the attacker does not transfer the obtained tokens out before self-destructing the attack contract. Probably, he/she was too excited 🙂
— BlockSec (@BlockSecTeam) April 21, 2022
Recall that in the first quarter of 2022, crypto projects lost as a result of the actions of hackers and scammers. over $1.22 billion.
Up to 99% of losses are associated with software exploits, including the largest Wormhole and Ronin hacks since the beginning of the year – on $319 million and $625 million respectively.
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