Weekly Blockchain Security Watch
May 13 to May 19
From May 13, 2024 to May 19, 2024, all security incidents that had occurred are all Security Hacks.
SECURITY HACKS:
1. Predy Finance Suffers Exploit
On May 14, an Arbitrum deployed dApp Predy Finance@predyfinance suffered an exploit.
The attacker is 0x76b02ab483482740248e2ab38b5a879a31c6d008 on Arbitrum.
Crypto assets worth US $464,000 were exploited in this incident.
2. Sonne Finance Suffers Exploit
On May 15, an Optimism deployed dApp Sonne Finance@SonneFinance suffered an exploit.
The dApp suffered a serial attack.
The attacker is 0xae4A7cDe7C99fb98B0D5fA414aa40F0300531F43 on Optimism.
Crypto assets worth around US $20 million were exploited in this incident.
3. Pump.fun Suffers Exploit
On May 17, a Solana deployed dApp pump.fun@pumpdotfun suffered an exploit.
The root cause is that the dApp’s private key was compromised.
The attacker is 7ihN8QaTfNoDTRTQGULCzbUT3PHwPDTu5Brcu4iT2paP on Solana.
Crypto assets worth around US $1.9 million were exploited in this incident.
CONCLUSION-
3 notable security incidents have occurred in the past week. all were attacks on smart contracts.
It is worth noting that the attack on Sonne Finance caused a loss of US $20 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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