Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Bankroll Status Suffer $230K Loss to DualPools Hacker Attack

Bankroll Status Suffer $230K Loss to DualPools Hacker Attack

CryptotimesCryptotimes2024/09/23 07:15
By:Dishita Malvania

The hacker’s tactics appear to follow a pattern seen in previous DualPools attacks.

Cybersecurity firm Cyvers has identified a major breach at Bankroll Status, a decentralized finance (DeFi) platform on the BNB Chain. The attack, which resulted in a staggering loss of $230,000, appears to be the work of the notorious DualPools hacker group.

According to Cyvers, the suspicious transaction was flagged by their system as part of a wider malicious operation. Their team has been tracking the activity of the hacker, and evidence points to a smart contract that was deployed 90 days ago, potentially serving as the gateway for this heist.

Bankroll Status Suffer $230K Loss to DualPools Hacker Attack image 0 Source: Twitter

The hacker’s tactics appear to follow a pattern seen in previous DualPools attacks, where they deploy malicious smart contracts within DeFi ecosystems, gradually siphoning funds from unsuspecting users.

While the investigation into the exact mechanisms of the hack is ongoing, Cyvers has issued a stark warning to platforms and users alike, urging them to take immediate steps to secure their assets. Their systems are working to identify any further vulnerabilities within Bankroll Status and other platforms that could be targeted by similar attacks.

Follow The Crypto Times on Google News to Stay Updated!
0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Solana-based social graph protocol Tapestry raises $5.75 million in Series A funding

Tapestry raised $5.75 million in a Series A round co-led by Union Square Ventures and Fabric Ventures.Tapestry is a Solana-based social graph protocol designed to create an ecosystem of applications with social features.

The Block2025/01/16 19:00

The Daily: Trump 'receptive' to an 'America-first' crypto reserve, XRP hits new all-time high and more

President-elect Donald Trump is open to creating an “America-first” crypto reserve prioritizing U.S.-based coins like USDC, SOL and XRP, the New York Post reported, citing sources familiar with the matter.XRP hit a new all-time high of around $3.39 via major crypto exchanges on Thursday for the first time since January 2018, following a 16% surge in 24 hours and a 455% rise over the past quarter.A Litecoin ETF is the “most likely” next spot crypto ETF to be approved in the U.S., according to Bloomberg anal

The Block2025/01/16 19:00

BTC breaks through $99,000

Cointime2025/01/16 18:01