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Cyvers Identifies Major Breach at Bankroll Status Platform

Sep 23, 2024
  1. Incident at Bankroll Status Platform
  2. Details of the Attack
  3. Precautionary Measures and Warnings

Cybersecurity firm Cyvers has identified a major breach at Bankroll Status, a decentralized finance (DeFi) platform on the BNB Chain. The attack resulted in a staggering loss of $230,000 and appears to be the work of the notorious DualPools hacker group.

Incident at Bankroll Status Platform

According to Cyvers, the suspicious transaction was flagged by their system as part of a wider malicious operation. Their team has been tracking the activity of the hacker, and evidence points to a smart contract that was deployed 90 days ago, potentially serving as the gateway for this heist.

Details of the Attack

The hacker’s tactics appear to follow a pattern seen in previous DualPools attacks, where they deploy malicious smart contracts within DeFi ecosystems, gradually siphoning funds from unsuspecting users. The investigation into the exact mechanisms of the hack is ongoing.

Precautionary Measures and Warnings

Cyvers has issued a stark warning to platforms and users alike, urging them to take immediate steps to secure their assets. Their systems are working to identify any further vulnerabilities within Bankroll Status and other platforms that could be targeted by similar attacks.

Also Read: Singapore’s BingX Exchange Suffers over $50 Million Hack.

The incident highlights the need for heightened security in the DeFi sector and the importance of a swift response to potential threats.

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