Hack Nets ~2600 ETH from Roll: Details Coming
2 min readDetails are scanty, but it seems that social token pools involving Roll were hit.
Twitter users are posting about suspicious activity. At the moment, it seems that a hack stemming from use of the Roll social token platform ‘drained’ about 2600 ETH from social token pools.
What we Know
WARONRUGS, which pointed to the security problems on the PAID Network that later led to a Mar. 5 exploit, posted a tweet regarding the latest possible hack.
Another “hack”? Can’t wait for the details. https://t.co/UcsiLB90An
— #WARONRUGS
(@WARONRUGS) March 14, 2021
(@WARONRUGS) Reading the MyCrypto.com thread brings an example in which 40 ETH was cycled through a series of tokens.
However, MyCrypto.com points out that this was only one set of transactions. Furthermore, MyCrypto.com points to @Barthazian as the source of information on the size of the exploit.
The Roll team is examining the events, but has not released a statement as of the time this report was published.
The BeInCrypto.com team will follow up on the story as information becomes available.
PAID Hack no Longer the Latest
If hackers hit the social token pools, then this will be only the latest in a series of exploits. The Mar. 5 hack of the PAID Network took advantage of the lack of a multi-signature requirement for fundamental changes to smart contracts.
Before the PAID exploit, the DEX and bundler Furucombo lost $15 million on Feb. 27.
Crypto Still Struggles with Security
Hacking attacks have been a scourge upon the crypto community, and the bull run only attracts them. Akropolis platform saw a hacker siphon off $2 million. Unlike PAID, Akropolis had done a lot of homework on security.
Harvest Finance lost $24 million in a hack in October 2020. It appears that like today’s hack, at least some of the funds stolen in this case were washed through Tornado Cash. SushiSwap fell victim to a pinpoint exploit that targeted a specific token pair to the tune of $103,000.
Since the details of today’s events are still incoming, it is too early to tell exactly what went wrong and how the affected parties will fare. Exchanges often repay losses. It can take some time, however. Mt. Gox was hit in 2014, and investors are still working on the outcome.
The post Hack Nets ~2600 ETH from Roll: Details Coming appeared first on BeInCrypto.
