"Moby Options Protocol hit by suspected private key breach, with hackers extracting $2.5M in crypto assets. Security measures are underway."
Moby Options Protocol Experiences Suspected Private Key Breach
According to BlockBeats, on January 9, Beosin Alert reported a suspected private key leak in the Moby Options Protocol. Hackers allegedly altered the implementation contract and exploited the emergencyWithdrawERC20 function, resulting in the extraction of 207 ETH, 3.7 BTC, and 1,470,191 USDC. The total loss is estimated at approximately $2.5 million. Security measures are being taken to address the breach and protect user funds. Users are advised to stay informed for further updates from the protocol team.