Weekly Blockchain Security Watch
January 15 to January 21
From January 15, 2024 to January 21, 2024, all security incidents that had occurred can be categorized into Security Hacks and Rug-pulls.
SECURITY HACKS:
1. Socket Suffers Exploit
On January 17, a multi-chain deployed dApp Socket@SocketDotTech suffered an exploit.
The attacker’s address is 0x50df5a2217588772471b84adbbe4194a2ed39066 on Ethereum.
The root cause of this incident was its function lacked a parameter validation.
Crypto assets worth around US $3.3 million were exploited in this incident.
2. Manta Network Suffers DDOS Attack
On January 18, a layer 2 solution MantaNetwork@MantaNetwork suffered a DDOS attack.
At the time of writing, no loss of crypto assets has been reported.
3. HTX DAO Suffers DDOS Attack
On January 19, a layer 2 solution HTX DAO@HTX_DAO suffered a DDOS attack.
At the time of writing, no loss of crypto assets has been reported.
RUG-PULLS:
1. WEWE Token Rug-pull
On January 15, a BNB chain deployed token WEWE was confirmed to be a rug-pull.
The token is deployed at 0x10412dbac4ba7c1afe2f019ebcce554c6bc547df on the BNB chain.
Tons of WEWE tokens were dumped and after the rug-pull the token price drpped by 94.4%.
CONCLUSION-
4 notable security incidents have occurred in the past week. Three were attacks on smart contracts or networks and one was a rug-pull.
It is worth noting that the attack on Socket caused a loss of US $3.3 million.
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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