Bankroll Status lost $230,000 in a DeFi hack traced to DualPools.
The hack follows a pattern seen in previous DualPools attacks.
This incident comes days after BingX lost $52 million in a similar hack.
Bankroll Status, DeFi's app for the #BNB network, recently lost $230,000 in a hacker attack. Cyvers, a cybersecurity company, linked the attack to the hacker group DualPools, which had previously attacked #DeFi .
The attack was linked to a malicious smart contract launched three months earlier. It resembled the previous DualPools model.
the suspicious transactions were detected by the Cyvers system, which had been tracking the hacker group for some time. The group was reportedly attacking the DeFi protocol and injecting malicious #smart contracts.
This comes just days after another major cyberattack on BingX, in which more than $52 million was stolen.
Similar attacks are occurring frequently, highlighting the need to strengthen security in the DeFi sector. The investigation into the exact mechanism of the hack is ongoing, and Shivers has warned other platforms to beef up their defenses.
the hacker group DualPools has become more active and poses a threat in the DeFi space. Their modus operandi is to use malicious contracts to hack and steal from other platforms and users.
These attacks are slow and calculated, making it difficult for platforms to detect the hack. The hack can only be detected after significant damage has been done.
Savers said the smart contracts used in the hack were created 90 days ago. The same group of hackers is still focused on the DeFi project, and the attack is still traveling through multiple protocols.
Exactly what holes were used to penetrate Bankroll Status' system is not yet known. However, the cybersecurity service is working to identify other possible weaknesses.
It was initially thought that $26 million was lost in the attack, but more wallets were discovered.
Read us at: Compass Investments