Bankroll Status Suffer $230K Loss to DualPools Hacker Attack

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

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.

Source: Twitter

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.

While the investigation into the exact mechanisms of the hack is ongoing, 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

spot_imgspot_img

Subscribe

Related articles

Goldman Sachs Eyes Crypto Market if US Regulations Evolve

Goldman Sachs, one of the world’s largest asset managers,...

Abu Dhabi Recognizes Tether’s USD₮ as an Official Virtual Asset

The Abu Dhabi Global Markets Financial Services Regulatory Authority...

Where Did WazirX Get the $150 Crore for Restructuring Expenses?

WazirX has filed for a moratorium amidst its ongoing...

A Trader Turns $3,000 into $73 Million with $PEPE 

A crypto trader has managed to turn $3,000 into...

MARA Bitcoin Holdings Nears $4B with Latest Purchase

Marathon Digital Holdings (MARA), a Bitcoin mining corporation, has...
spot_imgspot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here