Weekly Blockchain Security Watch

May 8 to May 14

From May 8, 2023 to May 14, 2023, all security incidents that had occurred are all Security Hacks.

SECURITY HACKS:

1. EVMOS’ Discord Server Gets Compromised

On May 8, the discord server of EVMOS was compromised. EVMOS is an application on COSMOS.

2. LW Token Suffers Flash-loan Attack

On May 12, a BNB chain deployed token LW suffered a flash-loan attack.

The hacker exploited 49K BSC-USDs, swapped them for 150 BNBs and cashed out via TornadoCash.

Crypto assets worth around US $49,000 were exploited in this incident.

3. Bitpaid Suffers Exploit

On May 14, a BNB chain deployed dApp Bitpaid got exploited. Its token BTP is deployed at 0x40f75ed09c7bc89bf596ce0ff6fb2ff8d02ac019 on the BNB chain.

After the attack, its token price dropped by 81% and crypto assets worth around US $30,000 were exploited in this incident.

4. Opentensor’s Discord Server Gets Compromised

On May 14, the discord server of Opentensor Foundation(@opentensor) was compromised. Opentensor is a blockchain based AI application.

CONCLUSION-

4 notable security incidents have occurred in the past week. 2 were attacks on smart contract and 2 were attacks on social media.

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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