That's gotta sting.Cleaned Out<\/p>\n
Despite the old saying, not everything lives forever on the internet including stolen crypto.<\/p>\n
This week, crypto security firm BlockSec announced that a hacker figured out how to exploit lending agreements and triple their crypto reward on the ZEED DeFi protocol,which runs on the Binance Smart Chain and trades with a currency called YEED.<\/p>\n
Our system detected an attack transaction that exploited the reward distribution vulnerability in ZEED, BlockSec said on Twitter this week.<\/p>\n
The end of the thread threw readers for a loop, though, because BlockSec also said the stolen currency had been permanently lost because of a self-destruct feature the hacker used.<\/p>\n
Interestingly, the attacker does not transfer the obtained tokens out before self-destructing the attack contract. Probably, he\/she was too excited, BlockSec said in a following tweet.<\/p>\n
The sheer thought of losing a million dollars is enough to make anybody sweat bullets, but its possible the hacker did this on purpose. BlockSec isnt sure what the motive was, and suggests it couldve been an accident.<\/p>\n
A report by VICE published this week says the hacker couldve been a vigilante with a message or something to prove. Because the self-destruct feature burned the tokens, theyre essentially gone forever. VICE suggests the hacker couldve wanted to watch the crypto world burn and the mysterious attacker certainly did cause a lot of chaos.<\/p>\n
After selling the hacked tokens, YEEDs value crashed to near zero. Sales wont resume until ZEED takes steps to secure, repair and test its systems.<\/p>\n
Maybe the hacker messed up, or maybe we just witnessed a modern day Robin Hood attack. Its possible well never know who pulled off the hack, or why.<\/p>\n
More on crypto hacks: Hackers Reportedly Get Away With $13.7 Million Worth of Bored Ape NFTs<\/p>\n
<\/p>\n
Originally posted here: That's gotta sting.Cleaned Out Despite the old saying, not everything lives forever on the internet including stolen crypto. Continue reading
\nOops! Hacker Steals $1 Million in Crypto and Then Destroys It - Futurism<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"