Weekly Blockchain Security Watch
February 5 to February 11
From February 5, 2024 to February 11, 2024, all security incidents that had occurred can be categorized into Security Hacks and Rug-pulls.
SECURITY HACKS:
1. Play Dapp Suffers Exploit
On February 10, an Ethereum deployed dApp PlayDapp@playdapp_io suffered an exploit.
The root cause of this incident was that its private key was compromised. The attacker exploited the private key to mint 200 million PLA tokens.
RUG-PULLS:
1. Lola Token Rug-pull
On February 5, a BNB chain deployed token Lola was confirmed to be a rug-pull.
The token is deployed at 0x6fa9f76cd08680a487b96abcbe82ccf309cc6cff on the BNB chain.
Crypto assets worth around US $ 400,000 were exploited in this incident. The price of $Lola has dropped 100.00% after the rug-pull.
2. DYM Token Rug-pull
On February 10, an Ethereum deployed token DYM was confirmed to be a rug-pull.
The token is deployed at 0x7e702e868c563b64fe39c146762a2e0cbc89f6c9 on Ethereum.
Crypto assets worth around US $ 116,000 were exploited in this incident.
The price of DYM dropped 100.00% after the rug-pull.
CONCLUSION-
3 notable security incidents have occurred in the past week. One was an attack on smart contracts and two were rug-pulls.
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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