• 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

Dogecoin Technical Analysis Indicates Potential Rally

chest

Technical analysis suggests that Dogecoin may be on track for new all-time highs following a recent breakout.

Rajesh Kumar

Whale Accumulation of Dogecoin Surges

chest

This week, Dogecoin has seen a significant increase in whale accumulation, with large investors boosting their holdings.

Miguel Rodriguez

Analysts Caution Against Volatility in ETH Market Amid Grayscale Developments

chest

Market analysts warn of potential volatility in the ETH market due to Grayscale's staking plans, highlighting strong negative signals in the ETH GEX chart.

Luis Flores

Grayscale Set to Stake Ethereum Holdings, Potentially Changing the Market Landscape

chest

Grayscale is reportedly preparing to stake its substantial Ethereum holdings, marking a significant shift in its strategy.

Arif Mukhtar

Remilia Corporation Plans to Launch RemiliaChat for Enhanced Online Discourse

chest

Remilia Corporation plans to launch RemiliaChat, a new social media platform designed to enhance online discourse and community interaction.

David Robinson

FBI Warns of Growing Online Threat Group 'The Com'

chest

The FBI has issued a warning about 'The Com', an evolving online threat group primarily composed of minors involved in cyber crimes.

Son Min-ho

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.