Attacker mints 1 billion CGT governance tokens in exploit within Curio ecosystem
Quick Take Curio experienced a $16 million exploit within its ecosystem that involves a MakerDAO-based smart contract. The exploit seemingly stemmed from a permission access logic vulnerability that allowed an attacker to mint an additional 1 billion CGT tokens.
Curio, a project that aims to help firms unlock liquidity from their real-world assets, has experienced a $16 million exploit within its ecosystem.
The exploit seemingly stemmed from a permission access logic vulnerability that allowed an attacker to mint an additional 1 billion CGT tokens, according to web3 detection and prevention project Cyvers on X.
The attacker in question currently holds these CGT tokens, which are worth nearly $40 million, Cyvers Alerts noted .
The notification follows a post from the Curio Ecosystem account on X from Saturday that alerted the community to the smart-contract exploit.
A MakerDAO-based smart contract used within the ecosystem was exploited on the Ethereum side, it explained. "We're actively addressing the situation and will keep you updated. Rest assured, all Polkadot side and Curio Chain contracts remain secure."
"This only impacted a portion of our ecosystem which highlights the importance for a multi chain infrastructure," the X account added. It said a recovery plan will be published shortly.
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
Rally mode: BTC hits $100K, ETH catches a bid
Risk appetite returns on merger, trade news — but can it last?
FTC backs DOJ’s plan to expose Google’s search data to rivals
Share link:In this post: The U.S. FTC supports the DOJ’s proposal to force Google to share search data with competitors. Google argues that the plan undermines intellectual property, exposes trade secrets, and endangers user privacy. DOJ also wants Google to sell off Chrome and stop paying Apple as the default search engine.
Lido unveils Dual Governance plan to give stETH holders a voice in protocol decisions
Share link:In this post: Lido has published the proposal for its Dual Governance mechanism which will give staked ETH holders a voice in DAO decisions. Although the date of implementation remains unknown, the upgrade which is years in the making is generating excitement. LDO is up more than 8% over the last 24 hours but is still struggling in yearly returns.
Samourai Wallet case prosecutors deny violating the Brady Rule
Share link:In this post: Samourai Wallet case prosecutors have denied withholding exculpatory evidence, violating the Brady rule. The prosecutors want the judge to deny the defense’s request for a late hearing on the issue. The prosecutors added that the input of the interviewed personnel was their personal input and will not have an effect on the case.
Trending news
MoreCrypto prices
More
