ZeroG "Attacked by a reward contract on the 11th… 520,010 tokens stolen"

Source
Uk Jin

Summary

  • ZeroG said 520,010 tokens were stolen in a reward contract attack.
  • The foundation said the cause of the theft was a private key leaked from an AliCloud instance.
  • The hack did not affect user funds, and the foundation said it immediately implemented enhanced security measures.

ZeroG (0G) disclosed that it was hacked.

On the 13th (Korean time), the ZeroG Foundation said on X (formerly Twitter) that "one of the reward contracts was compromised in a targeted attack on the 11th," and added, "the hacker exploited the emergency withdrawal function of ZeroG's reward contract to steal 520,010 tokens. The stolen tokens were subsequently distributed through Tornado Cash."

The 0G Foundation pointed to a private key leaked from an AliCloud instance as the cause of the attack. The ZeroG Foundation said, "that instance manages non-fungible token (NFT) status and reward updates. The private key was stored locally, and it was attacked, causing a security issue."

However, it was reported that no user funds were lost in this hack. The foundation explained, "although there was theft, it did not affect core chain infrastructure or user funds," and said, "we have immediately strengthened security solutions and will use this incident as a lesson to further strengthen security processes going forward."

publisher img

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
hot_people_entry_banner in news detail bottom articles
hot_people_entry_banner in news detail mobile bottom articles
What did you think of the article you just read?




PiCK News

[Key Economic & Crypto Calendar for the Week Ahead] US December PCE Price Index, and More

8 hours ago
[Key Economic & Crypto Calendar for the Week Ahead] US December PCE Price Index, and More

Risk appetite rebounds on softer US CPI…Bitcoin reclaims the $70,000 level

10 hours ago
Risk appetite rebounds on softer US CPI…Bitcoin reclaims the $70,000 level

Supply-demand balance curbs the 'Takaichi yen weakness'… "A historic plunge in the yen is now a more distant prospect"

11 hours ago
Supply-demand balance curbs the 'Takaichi yen weakness'… "A historic plunge in the yen is now a more distant prospect"

[Analysis] "Binance’s XRP holdings fall to a two-year low…a signal of easing sell-side pressure"

13 hours ago
[Analysis] "Binance’s XRP holdings fall to a two-year low…a signal of easing sell-side pressure"

This Week’s Focus: Fed Minutes and PCE Data… US Supreme Court Ruling on Trump Tariffs Also a Wild Card

14 hours ago
This Week’s Focus: Fed Minutes and PCE Data… US Supreme Court Ruling on Trump Tariffs Also a Wild Card

Trending News