{"id":173774,"date":"2024-10-25T15:04:30","date_gmt":"2024-10-25T15:04:30","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=173774"},"modified":"2024-10-25T15:04:33","modified_gmt":"2024-10-25T15:04:33","slug":"massive-heist-base-blockchain-falls-victim-to-lending-contract-exploit","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/massive-heist-base-blockchain-falls-victim-to-lending-contract-exploit\/","title":{"rendered":"Massive Heist! Base Blockchain Falls Victim to Lending Contract Exploit"},"content":{"rendered":"
TL;DR<\/span><\/span><\/strong><\/p>\n On <\/span><\/span>October 25,<\/span><\/span><\/strong> blockchain security firm <\/span><\/span>Cyvers Alerts<\/span><\/span><\/strong> alerted about an <\/span><\/span>exploit<\/span><\/span><\/strong> that compromised the security of the <\/span><\/span>Base blockchain<\/span><\/span><\/strong>, resulting in a <\/span><\/span>significant theft<\/span><\/span><\/strong> of approximately <\/span><\/span>$1 million<\/span><\/span><\/strong>.<\/span><\/span><\/p>\n <\/p>\n This incident originated from the <\/span><\/span>exploitation of unverified lending contracts<\/span><\/span><\/strong>, which has raised concerns about <\/span><\/span>vulnerabilities in <\/span><\/span><\/strong>decentralized finance <\/span><\/span>(DeFi)<\/span><\/span><\/a><\/strong> platforms<\/span>.<\/span><\/span><\/p>\n \ud83d\udea8ALERT\ud83d\udea8Our system detected multiple suspicious transactions involving unverified lending contracts on #Base<\/a> a few hours ago.<\/p>\n The attacker initially made a suspicious transaction, gaining approximately $993K from these unverified contracts. Most of these tokens were swapped and\u2026 pic.twitter.com\/FRo5gVhxCc<\/a><\/p>\n — \ud83d\udea8 Cyvers Alerts \ud83d\udea8 (@CyversAlerts) October 25, 2024<\/a><\/p><\/blockquote>\n\n
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