Everything seems to be possible in DeFi. a Hacker appeared to forget to collect the stolen funds, but there are theories about a more elaborate scheme behind the situation.

A little-known decentralized finance (DeFi) protocol called Zeed came under a cyberattack this week. However, after executing the exploitation, the attacker seems to have forgotten to take the profits generated by the exploit, According to the medium The Block, which reviewed the news first.

The BNB Chain (formerly Binance Smart Chain, BSC)-based platform Zeed fell victim to a cyberattack on Thursday, according to blockchain security firm BlockSec, which highlighted the incident via Twitter. Reports determined that the attack occurred when a malicious actor unveiled a vulnerability in the protocol’s reward minting archetype.

The hack would have allowed the attacker to access just over $1 million in digital assets. However, before migrating the profit, he destroyed the intelligent contract granting access to the extracted currencies.

Interestingly, the attacker did not migrate the stolen items before self-destructing the attack contract. He was probably too excited, according to the BlockSec team. Blockchain analysis firm, PeckShield also noticed the curious situation.

The malicious actor had difficulty getting access to the stolen currencies, but other theories suggest he forgot to do so in the heat of the moment. Although the possibility that it was a white hat exploit to expose the protocol’s vulnerability cannot get ruled out.

Among the chain of events of the DeFi world, this attack appears to be particularly strange. The funds acquired are out of reach by anyone after the contract gets destroyed, including the project developers.

Meanwhile, the YEED token connected to the DeFi project in question fell to zero following the attack. The Twitter account of the Zeed community, a protocol that presents itself as an autonomous decentralized financial integrated environment, did not bring vital information about what occurred and did not respond to tweets from security firms that sent a warning regarding the attack.

Cyberattacks and Breaches are Big Business

Malicious individuals with a hunger for wealth Lurk on the internet, hunting unaware users or looking for flaws in networks and systems to pounce on insecure data and breach the walls that protect those assets.

Despite the large amounts of money that usually get linked to these attacks, they often lack the attention of traditional entities robberies or attacks. However, cryptocurrency experts say they warn possible crypto investors by saying that exchanges move massive amounts of money and become a lucrative target for hackers and cybercriminals.

By: Jenson Nuñez

LEAVE A REPLY

Please enter your comment!
Please enter your name here