Weekly Blockchain Security Watch

July 3 to July 9

From July 3, 2023 to July 9, 2023, all security incidents that had occurred are all Security Hacks.

SECURITY HACKS:

1. Social Media Accounts Compromised

From July 3 to July 9, the following social media accounts were compromised and phishing links might be sent in these accounts:

The Discord servers of Waterfall@waterfall_mkt, Phi@phi_xyz, Porkies@PorkiesNFT, Thetanuts Finance@ThetanutsFi, Redacted Money@redacted_money, Paribus@paribus_io, SenSei Fi@SenSei_DeFi and

The Twitter accounts of Prime Protocol@prime_protocol, Aptos@Aptos_Network, Stellar@StellarOrg.

2. Multichain Suffers Exploit

On July 7, a multi-chain deployed cross-chain bridge Multichain@MultichainOrg suffered an exploit.

The root cause is still being investigated.

Various crypto assets including DAI, LINK, USDT, $USDC, wBTC and wETH were transferred out of the cross-chain bridge.

Crypto assets worth around US $126 million were exploited in this incident.

CONCLUSION-

11 notable security incidents have occurred in the past week. 1 was an attack on smart contracts and 10 were attacks on social media accounts.

It is worth noting that attack on Multichain caused a loss of more than US $126 million.

A Reminder for Project Teams: Always test thoroughly. Do smart contract audits before deploying smart contracts on-chain. Be alert to any anomalies happening in the various social media accounts you manage.

A Reminder for Crypto Users: Be cautious about suspicious links, emails, websites, and projects launched by teams without established reputations.

It is important for everyone in the crypto community to gain understanding and practice sufficient levels of cybersecurity.

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