Almost $240,000 Worth of EOS Tokens Stolen In dApp Smart Contract Hack

Almost $240,000 Worth of EOS Tokens Stolen In dApp Smart Contract Hack
фото показано с : ethereumworldnews.com

2018-9-15 14:38

Ethereum rival EOS has suffered a smart contract security breach on one of its decentralized applications which has resulted in the theft of around $240,000 worth of tokens.

A weakness in gambling application EOSBet’s smart contracts has been exploited just days after claiming it was one of the safest dApps online. According to Hard Fork which reported the hack and EOS Bet spokesperson said;

“A few hours ago, we were attacked, and about 40,000 EOS was taken from our bankroll. This bug was not minor as was stated previously, and we are still doing forensics and piecing together what happened.”

It turns out the actual figure was over 44,000 so at current EOS trading rates of $5.40 this equates to $239,900. The team has already removed the application while they figure out exactly what happened, admitting that it was a code bug.

“[EOSBet] should be back online relatively quickly. We have narrowed down the bug to a faulty assertion statement in our code. After talking with other developers and BPs, it seems like other games were also attacked using this same exact code (abi forwarder.)”

Using a fake hash, the hackers were able to call the app’s transfer function externally spoofing the EOSBet system into sending a huge chunk of EOS tokens. The hackers and scammers have since attempted to transfer the stolen booty off the system into their own wallets by creating fake accounts mimicking EOSBet in order to trick users into believing that casino is reimbursing customers for any lost funds.

In a twist of irony just days before the incursion, EOSBet Casino mocked a competitor for getting hacked. There was an additional boast that their system was superior in a Tweet which has since been removed;

“DEOS Games, a clone and competitor of our dice game, has suffered a severe hack today that drained their bankroll. As of now every single dice game and clone site has been hacked. We have the biggest bankroll, the best developers, and a superior UI. Play on.”

Earlier today the EOSBet team released an official hack statement explaining the situation;

“On September 14th around 3:00AM UTC we experienced a hack and breach of our bankroll, resulting in a theft of 44,427.4302 EOS before our contracts were taken offline by the development team. The remaining 463,745 EOS in our EOSBETDICE11 and EOSBETCASINO contracts are safe, the vulnerability is patched, and we’re back online.”

It continued to state that EOSBet is strengthening its security practices, ensuring that a similar event does not occur in the future.

The post Almost $240,000 Worth of EOS Tokens Stolen In dApp Smart Contract Hack appeared first on Ethereum World News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

SmartCash (SMART) на Currencies.ru

$ 0.0002156 (+5.06%)
Объем 24H $278
Изменеия 24h: 5.17 %, 7d: -12.23 %
Cегодня L: $0.0002156 - H: $0.0002156
Капитализация $304.761k Rank 1573
Цена в час новости $ 0.0271838 (-99.21%)

smart contract eos tokens worth 240 almost

Источник: ethereumworldnews.com

smart contract → Результатов: 126


RatingToken Discovers 12,000 Identical Smart Contracts Deployed by One Ethereum Address

The Ethereum ecosystem has attracted many developers and companies over the years. Its native smart contracts have proven to be of great value in unlocking new and interesting use cases. For some reason, there has been a rather steep surge in Ethereum smart contract production over the past few days. Some of this activity seems […]

2018-7-26 20:00


Gemstra ICO

Gemstra is building a blockchain-integrated ecosystem (ASTRA Platform) and token economy (GMS Token) to unlock social selling to the entire retail market. ASTRA is a smart contract platform. It leverages blockchain technology to put data back in the hands of sellers and enable retailers (called "Merchants" in the Gemstra ecosystem) and brands from the $24 trillion global retail economy to join social selling.

2018-7-24 22:18


Covee Network ICO

Covee is building a global, borderless and collaborative future of work where smart contract replace middlemen like corporations and team governance is self-organized and decentralized. Using the blockchain technology and advanced mechanism design, the platform insures fair reward distribution and establishes a trusted environment for remote collaboration.

2018-7-24 15:57


Фото:

When Smart Contracts Act Stupid: Is Your ICO Smart Contract Safe & Secure?

The potential inherent in smart contracts is immense. The nascent technology may be used for identity verification, secure data sharing, and for the management of tokens and raised funds in an initial coin offering/token sale – but just how clever are your smart contracts? The Ethereum network boasts more than 1500 decentralized applications (dApps), all of which make use of smart contracts to accomplish a wide variety of tasks.

2018-7-24 03:00


Block.One Releases EOSIO Version 1.1.0 Targeted at Scalability, EOS Price up Nearly 3 Percent

Enterprise blockchain, smart contract, and Dapp platform EOS has upgraded its EOSIO open-source blockchain software to version EOSIO 1. 1. 0 to achieve better scalability and performance. The new release, announced July 20, 2018, also focuses on a better usability experience for developers looking to build on the EOS platform “laying a foundation for more scalable application… The post Block.

2018-7-22 01:46


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Nigerian Politician In Custody For Crypto Exchange Breach

A Nigerian politician, Ambassador Wilfred Bonse, has been apprehended by the Nigeria Police Force (NPF) in connection to a security breach suffered by crypto exchange Patricia Technologies Limited. This development comes as Patricia defaults on its debt repayment schedule to customers following a $2 million exploit in 2022.

NFT theft decreased 20% in July: report

NFT thefts drop by 31%, totaling $1.73M in July ahead of a sales decline, reflecting a struggling NFT market. This comes as the FBI also issued a vigilance alert against rising NFT fraud.

New virus automatically empties crypto exchange accounts

Rilide masquerades as a legitimate Google Drive extension and allows cybercriminals to carry out a variety of activities including getting browsing history data, taking screenshots, and withdrawing funds from various cryptocurrency exchanges.