Weekly Blockchain Security Watch

December 23 to December 29

From December 23, 2024 to December 29, 2024, all security incidents that had occurred are all Security Hacks.

SECURITY HACKS:

1. Moonwell Suffers Exploit

On December 24, an Optimism deployed dApp Moonwell@MoonwellDeFi was exploited.

The root cause is that it suffered from a flash-loan attack.

Crypto assets worth around US $320,000 were exploited in this incident.

CONCLUSION-

1 notable security incident occurred in the past week. It was an attack on smart contracts.

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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