Security firm: FOOMCASH suffers copycat attack with losses of approximately $2.26 million
PANews reported on February 26 that blockchain security firm BlockSec detected that the Base and Ethereum networks' FOOMCASH contracts suffered copycat attacks. The attack method was identical to the previous Veil Cash vulnerability, where attackers exploited a verification key misconfiguration to forge zkSNARK proofs, resulting in a total contract loss of approximately $2.26 million. Among them, a single attack transaction on Base caused a loss of about $427,000, while a related transaction on Ethereum involving approximately $1.83 million is suspected to be a white-hat rescue operation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tesla Deliveries Are Coming but the Stock Has a Bigger Catalyst First -- Barrons.com
Ahead of the budget proposal, GBP short positions surge, Morgan Stanley bearish forecast at 1.30 by year-end
Ahead of the UK’s new government releasing its first budget in a month, traders are increasing their short positions on the British pound.
Draganfly Receives $10 Million Investment From Unusual Machines, US Investment Fund
Monness: Raises Meta's target price to $830
