Weekly Blockchain Security Watch

November 18 to November 24

From November 18, 2024 to November 24, 2024, all security incidents that had occurred are all Security Hacks.

SECURITY HACKS:

1. Polter Finance Suffers Exploit

On November 18, a Fantom deployed dApp polterfinance@polterfinance suffered an exploit.

The dApp was under an attack of price manipulation.

The hacker is 0x511f427cdf0c4e463655856db382e05d79ac44a6 on Fantom.

Crypto assets worth around US $8.7 million were exploited in this incident.

CONCLUSION-

1 notable security incident has occurred in the past week. It was an attack on smart contracts.

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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