Weekly Blockchain Security Watch

February 12 to February 18

From February 12, 2024 to February 18, 2024, all security incidents that had occurred are Security Hacks.

SECURITY HACKS:

1. Fixed Float Suffers Exploit

On February 18, a multi-chain deployed dApp FixedFloat@FixedFloat suffered an exploit.

The attacker’s address on Ethereum is 0x85c4fF99bF0eCb24e02921b0D4b5d336523Fa085 and on Bitcoin is bc1q2skp47p9f5mr4n4m27k66v0l68gh3xdd7ad4e5.

Crypto assets including ETH and Bitcoin worth around US $26 million were exploited in this incident.

CONCLUSION-

1 notable security incident occurred in the past week.

It is worth noting that the incident caused a total loss of US $26 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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