Weekly Blockchain Security Watch
July 15 to July 21
From July 15, 2024 to July 21, 2024, all security incidents that had occurred can be categorized into Security Hacks and Rug-pulls.
SECURITY HACKS:
1. Minterest Suffers Exploit
On July 15, a Mantle deployed dApp Minterest@Minterest suffered an exploit.
The attacker is 0x618f768af6291705eb13e0b2e96600b3851911d1 on Mantle.
The root cause is that the dApp suffered an exchange rate manipulation attack.
Crypto assets worth around US $1.4 million were exploited in this incident.
2. Li Fi Suffers Exploit
On July 16, a multi-chain deployed dApp LI.FI@lifiprotocol suffered an exploit.
Crypto assets worth around US $11.6 million were exploited in this incident.
3. WazirX Suffers Exploit
On July 18, a centralized exchange WazirX: India Ka Bitcoin Exchange@WazirXIndia suffered an exploit.
The attacker is 0x6EeDF92Fb92Dd68a270c3205e96DCCc527728066 on Ethereum.
Crypto assets worth around US $230 million were exploited in this incident.
RUG-PULLS:
1. FIGHT Token Rug-pull
On July 16, an Ethereum deployed token FIGHT was confirmed to be a rug-pull.
A scammer (0x1C0054B566581ae7faC5760D40Bf3A7560112C66 on Ethereum) dumped 1,302,457,392,051 $GME on Ethereum for 84 $ETH.
Crypto assets worth around US $286,000 were exploited in this incident.
CONCLUSION-
4 notable security incidents have occurred in the past week. Three were attacks on smart contracts or centralized exchanges and one 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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