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

Exploit in SingularityDAO ASI Migrator Smart Contract

user avatar

by Giorgi Kostiuk

10 months ago


SingularityDAO has experienced an exploit on its ASI migrator smart contract, leading to significant financial losses. Developers are urging users to revoke their contract approvals.

Details of the Incident

Early this morning, an exploit was discovered in the ASI migrator smart contract of SingularityDAO. This exploit involves the 'Approve' function, posing a risk of financial loss for past interactions with the ASI migrator as it required an unlimited allowance.

Security Response

Security firm PeckShield reported that a bug in the migrator contract has led to losses exceeding $37 million. ASI developers later confirmed the exploit. DefiLlama developer @0xngmi, who is pseudonymous, warned that the exploit seems to affect both past and future transactions on the contract.

User Recommendations

SingularityDAO security head engineer Ahmed Ali advised users to revoke permissions related to the involved contracts as a security measure. He added that the team is working with security teams to mitigate the issue.

Efforts to address the vulnerability and minimize losses are ongoing. Users are advised to promptly check and revoke all approvals to prevent potential losses.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

BlockDAG Launches with 7-Day Access Window, VeChain Stays Flat, Pi Coin Drifts

chest

BlockDAG offers unique early access to coins upon launch as VeChain and Pi Coin stabilize at their levels.

user avatarGiorgi Kostiuk

Promising Cryptocurrencies: BlockDAG, XRP, Cardano, and Litecoin in 2025

chest

Overview of four cryptocurrencies expected to see significant growth by 2025: BlockDAG, XRP, Cardano, and Litecoin.

user avatarGiorgi Kostiuk

Price Movements of Ethereum, Ripple, Cardano, and Solana on July 18

chest

On July 18, cryptocurrencies show significant price movements, affecting the market and opening new trading opportunities.

user avatarGiorgi Kostiuk

The Story of Pig.dev: How AI Agents are Changing Business

chest

Pig.dev, a Y Combinator startup, shifts its strategy and focuses on new solutions for AI agents after challenges with Windows automation.

user avatarGiorgi Kostiuk

Misreported $3.7 Million Transaction Sparks Confusion

chest

Whale Alert mistakenly recorded $3.7 million ADA as a transaction fee. SecurityBot founder reveals the truth.

user avatarGiorgi Kostiuk

SEC Explores New Exemptions for Asset Tokenization Amid Stablecoin Bill Progress

chest

SEC may implement new policies for asset tokenization, potentially impacting the digital asset market.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.