1. Events at Bankroll Status platform
2. Surge in hacking incidents
3. Conclusion

Cybersecurity firm Cyvers has identified a significant breach at Bankroll Status, a decentralized finance (DeFi) platform on the BNB Chain, resulting in losses of approximately $230,000. Cybersecurity experts attribute the attack to the notorious DualPools hacker group.

Events at Bankroll Status platform

Cyvers flagged the suspicious transaction as part of a broader malicious operation. Their team has been tracking the hacker’s activity, and evidence suggests that a smart contract deployed 90 days prior may have facilitated the attack. The hacker’s tactics mirror patterns observed in previous DualPools incidents, where malicious smart contracts infiltrate DeFi ecosystems to siphon funds from unsuspecting users.

Surge in hacking incidents

The recent surge in hacking incidents has raised alarms across the crypto market. Notably, WazirX has reported multiple suspicious transactions involving its Safe Multisig wallet on the Ethereum network. Approximately $234.9 million in funds have been moved to a new address, with each transaction funded by Tornado Cash. The suspicious address previously swapped PEPE, GALA, and USDT for ETH, raising concerns about the extent of these activities. Moreover, in another alarming development, Cyvers flagged multiple suspicious transactions linked to BingXOfficial across several blockchains on September 20. Estimated losses have surged to over $52 million, with the majority of stolen assets currently being swapped. BingX’s Chief Product Officer, Vivien, confirmed that their technical team identified abnormal network access, indicating a suspected hack targeting the exchange’s hot wallet.

Conclusion

The situation remains critical as investigations unfold. The Crypto community feels that these underscore the urgent need for enhanced security measures in the crypto sector to protect user assets effectively.

The situation remains critical as investigations unfold. The Crypto community feels that these underscore the urgent need for enhanced security measures in the crypto sector to protect user assets effectively.