Weekly Blockchain Security Watch

June 24 to June 30

From June 24, 2024 to June 30, 2024, all security incidents that had occurred can be categorized into Security Hacks and Rug-pulls.

SECURITY HACKS:

1. Will Suffers Exploit

On June 28, a BNB chain deployed token Will suffered an exploit.

The token is deployed at 0xe38593e7f4f2411e0c0ab74589a7209681ab4b1d on the BNB chain.

The attacker is 0xb6911DEE6a5b1c65Ad1aC11A99AeC09C2Cf83c0e on Ethereum.

Crypto assets worth around US $45,000 million were exploited in this incident.

RUG-PULLS:

1.  Dorami Token Rugpull

On June 27, an Ethereum deployed token Dorami was confirmed to be a rug-pull.

The token is deployed at 0xDd7f6286FfFe444286121c5D64EcBB87Fd36E025 on Ethereum.

After the rugpull, the price of the token dropped by 100%.

Crypto assets worth around US $63,000 were exploited in this incident.

CONCLUSION-

2 notable security incidents have occurred in the past week. One was an attack on a token and the other was a rug-pull.

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.

To stay updated on notable security incidents in the world of Web3.0, subscribe to our newsletter:

For a better understanding of all things Web3.0: https://medium.com/@FairyproofT

Looking to strengthen the security of your project or looking for an audit? Contact us at

https://www.fairyproof.com/