• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cyvers Reports Suspicious Seamless Protocol Transactions on Base Network

user avatar

by Giorgi Kostiuk

a year ago


  1. Malicious Contract Detected
  2. Stolen Funds
  3. Seamless Protocol’s Response

  4. Web3 security firm Cyvers has raised alarms over suspicious activity related to Seamless Protocol on the Base network. In a post on X (formerly Twitter), Cyvers reported that a malicious contract was deployed at 11:57 UTC on September 13, followed by an immediate hack. Approximately $130,000 worth of stolen funds were quickly bridged to the Ethereum network and deposited into Tornado Cash, a decentralized crypto tumbler.

    Malicious Contract Detected

    Cyvers flagged a suspicious contract deployed on the Base network shortly before the hack occurred. The malicious activity began almost immediately after the contract was created, signaling a coordinated attack.

    Stolen Funds

    The hacker managed to steal around $130,000 worth of funds. The stolen assets were then quickly bridged to the Ethereum network, where they were deposited into Tornado Cash, a service often used to obscure the origin of funds.

    Seamless Protocol’s Response

    Seamless Protocol responded to the incident by assuring users that their funds are safe and the protocol itself was not exploited. In their statement on X, Seamless Protocol emphasized that the breach did not affect their core platform or user assets.

    The flagging of suspicious transactions on Seamless Protocol by Cyvers underscores the persistent challenges facing the security of decentralized platforms. While Seamless Protocol has assured users that funds remain safe, the hacker’s successful extraction of $130,000 through a malicious contract raises questions about vulnerabilities in the DeFi space. As investigations unfold, the crypto community will be watching closely to see how security protocols evolve in response to these incidents.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Kevin Durant's Bitcoin Investment Journey Begins

chest

Kevin Durant's journey into Bitcoin investment began in late 2016, influenced by discussions at a birthday celebration.

Jacob Williams

Kevin Durant Successfully Recovers Coinbase Account

chest

NBA star Kevin Durant has successfully recovered his Coinbase account after a brief period of inaccessibility.

Zainab Kamara

Circle CRCL Sees Growth Amid Rising USDC Adoption

chest

Circle Internet Group CRCL is experiencing significant growth due to the rising adoption of its USDC stablecoin and a favorable regulatory environment.

Son Min-ho

Bullish BLSH Secures Key License to Launch Operations in the US

chest

Bullish BLSH has obtained a key license from the New York State Department of Financial Services to launch operations in the US, leading to a surge in its stock price.

Ayman Ben Youssef

Michael Saylor's Strategy MSTR Sees Major Stock Surge Amid Bitcoin Rally

chest

Michael Saylor's Strategy MSTR sees a significant stock surge of over 73% amid Bitcoin's rally, driven by strong retail interest and positive remarks at the Bitcoin Treasuries Unconference.

Tando Nkube

Canadian Police Confiscate $405 Million in Crypto from TradeOgre

chest

The Royal Canadian Mounted Police has confiscated 56 million CAD in digital assets from the crypto exchange TradeOgre due to non-compliance with money laundering regulations.

Kofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.