PANews, May 27: According to PeckShield, an anomaly occurred in contracts related to StakeDAO on Arbitrum, resulting in the minting of 5.4 trillion vsdCRV. The security team has classified this as a suspected infinite minting exploit. The attacker has exchanged a portion of the vsdCRV for approximately 43.781 ETH (around $91,000) and transferred it via a cross-chain bridge to the Ethereum address 0xeF3C…aa25.
PeckShield Reports StakeDAO Contract Vulnerability on Arbitrum, 5.4 Trillion vsdCRV Minted
PANewsShare
Summary
PeckShield disclosed a smart contract vulnerability in a StakeDAO contract on Arbitrum, resulting in the minting of 54 billion vsdCRV. Attackers have already cashed out a portion of the tokens for approximately 43.781 ETH ($91,000) and transferred them to an Ethereum address. The incident underscores the need for enhanced contract security in DeFi protocols.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.