Weekly Blockchain Security Watch

September 30 to October 6

From September 30, 2024 to October 6, 2024, all security incidents that had occurred are all Security Hacks.

SECURITY HACKS:

1. FIRE Token Suffers Exploit

On October 1, the FIRE token deployed on Ethereum suffered an exploit.

The token is deployed at 0x18775475f50557b96C63E8bbf7D75bFeB412082D on Ethereum.

The root cause is due to an issue in the token’s burning mechanic within the transfer() function.

Crypto assets worth around US $24,000 were exploited in this incident.

2. Symbioticfi's X Account Compromised

On October 5, Symbioticfi's X account (@symbioticfi) was compromised.

At the time of writing, no loss of crypto assets was reported.

CONCLUSION-

2 notable security incidents have occurred in the past week. One was an attack on smart contracts and the other was an attack on a social media account.

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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