Weekly Blockchain Security Watch

April 29 to May 5

From April 29, 2024 to May 5, 2024, all security incidents that had occurred can be categorized into Security Hacks and Rug-pulls.

SECURITY HACKS:

1. Personal Wallet Suffers Phishing Attack

On May 4, a whale’s wallet 0x1E227979f0b5BC691a70DEAed2e0F39a6F538FD5 on Ethereum suffered a phishing attack.

The attacker is 0xd9A1C3788D81257612E2581A6ea0aDa244853a91 on Ethereum.

155 $WBTC worth US $71 million were exploited in this incident.

RUG-PULLS:

1. LAVA Token Rug-pull

On April 30, an Ethereum deployed token LAVA was confirmed to be a rug-pull.

The token is deployed at 0xa0272c11d569E445F8780F8f23f995680F4BcABF on Ethereum.

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

Crypto assets worth around US $285,000 were exploited in this incident.

CONCLUSION-

2 notable security incidents have occurred in the past week. One was an attack on a personal wallet, 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.

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