Weekly Blockchain Security Watch

September 2 to September 8

From September 1, 2024 to September 8, 2024, all security incidents that had occurred are all Security Hacks.

SECURITY HACKS:

1. Penpie Suffers Exploit

On September 4, Penpie@Penpiexyz_io suffered an exploit.

The attacker is 0x7A2f4D625Fb21F5e51562cE8Dc2E722e12A61d1B on Ethereum.

The root cause was its contracts had a re-entrancy issue.

Crypto assets worth around US $27 million were exploited in this incident.

CONCLUSION-

1 notable security incident has 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.

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/