200+ BTC Stolen from Core BTC Developer⚠️
HashingBits | Week- 1
In brief⚡
Events Under the Spotlight💥
Bitcoin developer Luke Dashjrclaims lost $3.3 million after PGP exploit
According to Bitcoin core developer Luke Dashjr, his wallet was hacked due to a Pretty Good Privacy (PGP) key compromise.
On December 31, Dashjr's wallet had four outgoing transactions totaling more than 200 BTC.
The attackers have compromised various wallets, stealing about 216 BTC (roughly $3.6 million).
The PGP breach was part of a larger hack in which the attacker also managed to defeat two-factor authentication and obtain access to his wallet.
GDS Chain lost ~$180K in a Flash Loan Attack
A flash loan attack was launched against the GDS project on BSC. This attack resulted in a total loss of $187,000 and a drop in the value of GDS currency.
The main reason is that the reward computation in the code logic only considers weight and ignores other aspects like time.
With sufficient initial funds, the attacker lent a substantial quantity of BSC-USD through the flash loan platform and then used PANCAKE to swap BSC-USD for GDS.
The attacker used many contracts, each of which was identical. However, he merely used GDS's transfer function, and the attacker moved the previously obtained lp-token to the deployed contract.
Hackers steal $3.5M worth of digital assets from GMX whale
Hackers began the year with another exploit, stealing several million dollars from a whale holding enormous sums of the decentralized finance (DeFi) technology GMX's native coin.
The hackers gained hold of 82,519 GMX tokens and swapped them for 2,627 Ether before transferring them to the Ethereum network via the Hop Protocol and Across Protocol.
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