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Weekly Blockchain Security Watch

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Weekly Reports on Notable Security Incidents; Analysis on Hacks, Vulnerabilities, and Solutions; Quarterly and Yearly Reviews; To Make the Community of Web3.0 a Safer Place.
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Blockchain Security Watch

Weekly Blockchain Security Watch

September 18 to September 24

Sep 25, 2023
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Weekly Blockchain Security Watch

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From September 18, 2023 to September 24, 2023, all security incidents that had occurred are all Security Hacks.

SECURITY HACKS:

1. Social Media Accounts Compromised

From September 18 to September 24, the following social media accounts were compromised and phishing links might be sent in these accounts:

Discord servers of TimeSoul@timesoulcom, DESTABILIZED:SYNTHTOPIA@D3STAB1LIZED and BEDU@bedu_io.

2. Balancer Suffers Exploit

On September 20, Balancer, a multi-chain deployed DEX suffered a front-end exploit.

Basically, its front end suffered a DNS attack that led to various assets being stolen.

The attacker’s address is 0x645710Af050E26bB96e295bdfB75B4a878088d7E on Ethereum.

Crypto assets worth around US $238,000 were exploited in this incident.

3. Wallet Suffers Exploit

On September 21, a wallet address suffered an exploit due to a phishing attack.

Victim's address is 0x2175c0082d052872501f7fe54e1aC59858aaf7D9 on Ethereum.

The attacker’s address is 0xAbb07822F471773Ff00b9444308ceEB7cf0dACa7 on Ethereum.

Crypto assets worth around US $4.46 million were exploited in this incident.

CONCLUSION-

5 notable security incidents have occurred in the past week. 3 were attacks on social medial accounts, 1 was an attack on a front-end and 1 on a wallet.

It is worth noting that the attack on a wallet caused a loss of crypto assets worth US $4.46 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.

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

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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/

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