Hackers Make Off with $865,000 in ETH in RocketSwap Labs Breach

2023-8-15 17:17

In a recent security breach, hackers managed to siphon off 471 ETH, translating to a value of approximately $865,000. The exploit was confirmed by renowned security firm, PeckShield, which has been at the forefront of crypto security.

RocketSwap Labs, the victim of this brute force attack, was caught off guard, with the breach occurring without any prior warning. The modus operandi of the hackers was intriguing. Following the theft of the tokens, the perpetrators went on to craft a whopping 90 trillion tokens, whimsically named “LoveRCKT”.

In a subsequent move, these “LoveRCKT” tokens, along with 400 ETH, were funneled into the decentralized exchange, Uniswap.

Reacting promptly to the crisis, RocketSwap Labs delineated an emergency response strategy. Key measures included:

The deployment of a fresh farm contract. Transitioning the contract to an open-source status on-chain. Relinquishing all rights to mint further tokens.

In a rather optimistic approach, RocketSwap Labs also expressed intentions to reach out to the hackers, in hopes of retrieving the stolen assets. The efficacy of this move remains to be seen.

This incident raises a pressing concern: When will such crypto exploits cease? For the crypto realm to truly flourish and witness mass adoption, bolstering security measures is non-negotiable.

Source: CT Markets Pro Newsletter

Join us on Facebook and Twitter for the latest insights and discussions in the world of crypto.

Explore our news section and stay ahead of the curve with our expert price predictions.

The post Hackers Make Off with $865,000 in ETH in RocketSwap Labs Breach appeared first on CaptainAltcoin.

origin »

SherLOCK Security (LOCK) на Currencies.ru

$ 0.1387 (+1.71%)
Объем 24H $13
Изменеия 24h: 10.06 %, 7d: -33.06 %
Cегодня L: $0.1387 - H: $0.1387
Капитализация $0 Rank 3458
Доступно / Всего 0 LOCK / 4.969m LOCK

security breach hackers eth off 865 confirmed

Источник: captainaltcoin.com

security breach → Результатов: 126


Breaking: Binance exchange gets compromised; 7000 BTC worth $40 million withdrawn by hackers

Binance’s official blog spoke about a security breach in Binance that allowed hackers to get away with 7000 BTCs, a large number of user API keys, 2FA codes, and potentially other info. The blog further added that the targetted attack was on a hot wallet and that only 2% of the total funds in that wallet […] The post Breaking: Binance exchange gets compromised; 7000 BTC worth $40 million withdrawn by hackers appeared first on AMBCrypto.

2019-5-8 03:48


World’s Biggest Crypto Exchange Binance Reports 7,000 Bitcoin Hack

Binance, the world’s largest crypto asset exchange in daily volume, has experienced a security breach involving some 7,000 bitcoin valued at around $40 million. In an official update released by, Changpeng Zhao, the CEO of Binance better known to the community as CZ, the Binance team said about 2 percent of Binance’s bitcoin holdings were […] The post World’s Biggest Crypto Exchange Binance Reports 7,000 Bitcoin Hack appeared first on CryptoSlate.

2019-5-8 03:32


How Blockchain Can Solve Modern Identity Theft Crisis and Be a Core Reason for “No More ID Theft”

Identity theft is a major worry for many people today. This was compounded by the Equifax breach that leaked the data of over 140 million Americans. The data in that breach included information such as addresses and social security numbers in addition to names and phone numbers. It was a nightmare scenario and there has […]

2019-4-10 19:41


Фото:

Lazarus Hacker Group Continues to Target Crypto Using Faked Trading Software

This article was originally published by 8btc and written by Lylian Tang. The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi.

2019-4-2 21:54


Cyber insurance for companies is overhyped — even though it may be necessary

For those following the information security space, it can feel as if the past year was just a series of announcements with one corporate security breach after another. Breaches like Equifax, Marriot, and many more have entered the general consciousness after the personal details of hundreds of millions of customers have fallen into the hands of hackers.

2019-3-31 16:30


Breaking: Major Crypto Brokerage Coinmama Hacked, 450,000 Users Affected in Massive Worldwide Breach

Coinmama, one of the largest crypto brokerages in the global market with 1. 3 million active users, suffered a security breach on February 15. The official statement of the exchange disclosed that 450,000 email addresses and passwords were leaked in a massive global hacking attack involving 24 websites and some 747 million records.

2019-2-16 13:21


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru