Weekly Blockchain Security Watch
January 29 to February 4
From January 29, 2024 to February 4, 2024, all security incidents that had occurred can be categorized into Security Hacks and Rug-pulls.
SECURITY HACKS:
1. Barley Finance Suffers Exploit
On January 29, an Ethereum deployed dApp Barley Finance@Barley_Finance suffered an exploit.
The attacker’s address is 0x7b3a6eff1c9925e509c2b01a389238c1fcc462b6 on Ethereum.
Crypto assets worth around US $130,000 were exploited in this incident.
2. MIM Spell Suffers Exploit
On January 30, an Ethereum deployed dApp MIM Spell@MIM_Spell suffered an exploit.
The attacker’s address is 0x87f585809ce79ae39a5fa0c7c96d0d159eb678c9 on Ethereum.
Crypto assets worth around US $6.5 million were exploited in this incident.
3. Entrepreneur’s Wallet Suffers Exploit
On January 31, XRP’s Co-founder and Chief Chairman Chris Larsen was confirmed to be exploited.
His XRP’s wallet address rJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm was attacked.
Crypto assets worth around US $112.5 million were exploited in this incident.
RUG-PULLS:
1. JUP Token Rug-pull
On January 29, a BNB chain deployed token JUP was confirmed to be a rug-pull.
The token is deployed at 0x2cfafed678503dc4bc56f1ef89b71a37528d6ef9 on the BNB chain.
132,001,750,286 JUP tokens were dumped for US $ 403,000.
2. Optimus Token Rug-pull
On February 1, a BNB chain deployed token Optimus was confirmed to be a rug-pull.
The token is deployed at 0x1b694e88e3ac77fc60b526622f9fdb42cd9822be on the BNB chain.
Crypto assets worth around US $ 450,000 were exploited in this incident.
The price of $Optimus dropped 100.00% after the rugpull.
3. ZETA Token Rug-pull
On February 2, a BNB chain deployed token ZETA was confirmed to be a rug-pull.
The token is deployed at 0x72dc90812516f8c02121e515aba407497c91a04d on the BNB chain.
Crypto assets worth around US $ 82,000 were exploited in this incident.
CONCLUSION-
6 notable security incidents have occurred in the past week. Three were attacks on smart contracts and three were rug-pulls.
It is worth noting that the attacks on Chris Larsen’s wallet caused a total loss of US $112.5 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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